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November 21, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Clinton, Business Loans > Unity Bank Clinton Business Loans > Microtel Inn Loan | ||||
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Unity Bank SBA 7A Franchise Loans
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Loan to Buy Microtel Franchise Issued By Unity BankBorrowing money to buy a Microtel franchise? Unity Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Tucumcari, New Mexico and are interested in buying a Microtel franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Unity Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower MICROTEL INN SBA Loan Lender UNITY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 9/30/2002 Loan Approval Gross Amount $1,200,000 Loan Approval from the SBA Of the total $1,200,000 loan amount, the SBA guaranteed $900,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Microtel franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Unity Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Where to Get an SBA Loan in Clinton, New Jersey
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