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November 21, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Birmingham, Business Loans > Compass Bank Birmingham Business Loans > Best Western A Royal Sun Inn & Loan | ||||
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Where to Get a Business Loan to Purchase a Franchise
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Compass Bank Provides SBA Loan to Buy Best Western Inn FranchiseNeed a loan to buy a Best Western Inn franchise? Compass Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Tucson, Arizona needed money to invest in a Best Western Inn franchise back in 2000. Compass Bank issued an SBA franchise loan. Here are the details on this Arizona small business loan. SBA Loan Borrower BEST WESTERN A ROYAL SUN INN & SBA Loan Lender COMPASS BANK This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 12/21/2000 Loan Approval Gross Amount $1,210,000 Loan Approval from the SBA Of the total $1,210,000 loan amount, the SBA guaranteed $749,994. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Best Western Inn franchise. At the time of the loan, the company had 35 employees. The SBA loan application for the borrower indicated that the loan would help retain 35 existing jobs. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. We can help you find the best banks for small businesses in Tucson or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Advice on Getting a Small Business Loan SBA Participating Banks in Birmingham, Alabama
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