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November 21, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Garland, Business Loans > United Central Bank Garland Business Loans > Econo Lodge Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Union City, GA Entrepreneur Gets SBA Loan to Buy Econo Lodge Motel FranchiseBorrowing money to buy an Econo Lodge Motel franchise? United Central Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Union City, Georgia and are interested in buying an Econo Lodge Motel franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by United Central Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower ECONO LODGE SBA Loan Lender UNITED CENTRAL BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 3/30/2006 Loan Approval Gross Amount $727,000 Loan Approval from the SBA Of the total $727,000 loan amount, the SBA guaranteed $545,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Econo Lodge Motel franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 8 existing jobs. Start the Process for Getting an SBA Loan Today! If you need money to start a business or need money for an existing business, an SBA loan can be a great funding source Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like United Central Bank 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: Determining Proper Capital Structure for a Business Good Banks for Small Business in Garland, Texas Where to Get an SBA Loan Texas
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