Borrow Money to Buy a Choice Hotels International Inc. Franchise
Need a loan to buy a Choice Hotels International Inc. franchise? Mirae Bank has a history of making these loans and they are guaranteed by the SBA.
Choice Hotels International Inc. franchise loans are available to Vancouver, Washington entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Mirae Bank, based in Los Angeles, California, issued an SBA franchise loan for a Choice Hotels International Inc. franchise in 2007. We've got all the details on this Washington small business loan.
SBA Loan Borrower
SNTS INC. DBA RODEWAY INN & SUITES
Vancouver, WA 98662
SBA Loan Lender
MIRAE BANK
3255 WILSHIRE BLVD, STE 1100
LOS ANGELES, CA 90010
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
4/10/2007
Loan Approval Gross Amount
$2,000,000
Loan Approval from the SBA
Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Choice Hotels International Inc. franchise. At the time of the loan, the company
had 9 employees. The SBA loan application for the borrower indicated that the loan would help retain 7 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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:
Choice Hotels International, Inc.
Choice Hotels
Advice on Getting a Small Business Loan
Small Business Banks in Los Angeles, California
SBA Participating Banks in California