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November 23, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Truckee, Business Loans > Bank Of The West Truckee Business Loans > Lkh Inc Loan | ||||
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How Much Does It Cost to Buy a Franchise in Tucson, Arizona?
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Tucson, AZ Entrepreneur Gets SBA Loan to Buy Marriott Hotel FranchiseNeed a loan to purchase a Marriott Hotel franchise? Bank Of The West 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 Marriott Hotel franchise back in 2004. Bank Of The West issued an SBA franchise loan. Here are the details on this Arizona small business loan. SBA Loan Borrower LKH INC SBA Loan Lender BANK OF THE WEST As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 6/24/2004 Loan Approval Gross Amount $1,800,000 Loan Approval from the SBA Of the total $1,800,000 loan amount, the SBA guaranteed $1,350,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Marriott Hotel franchise. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the loan would help generate 12 new jobs and retain 24 existing jobs. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of The West that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: SBA Participating Banks in Truckee, California Where to Get an SBA Loan California
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