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December 22, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Beverly Hills, Business Loans > Excel National Bank Beverly Hills Business Loans > Econo Lodge Loan | ||||
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Walterboro, South Carolina Bank Loan
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South Carolina Entrepreneur Secures Financing to Buy Choice Hotels International Inc. FranchiseNeed money to buy a Choice Hotels International Inc. franchise? Excel National Bank has a history of making these loans and they are guaranteed by the SBA. Choice Hotels International Inc. franchise loans are available to Walterboro, South Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Excel National Bank, based in Beverly Hills, California, issued an SBA franchise loan for a Choice Hotels International Inc. franchise in 2006. We've got all the details on this South Carolina small business loan. SBA Loan Borrower ECONO LODGE SBA Loan Lender EXCEL NATIONAL 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 7/20/2006 Loan Approval Gross Amount $1,210,000 Loan Approval from the SBA Of the total $1,210,000 loan amount, the SBA guaranteed $907,500. 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 10 employees. The SBA loan documents indicated that the loan would help retain 10 existing jobs. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Excel National 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: Choice Hotels International, Inc. Good Banks for Small Business in Beverly Hills, California
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