Washington, DC Entrepreneur Gets SBA Loan to Buy Days Inn Franchise

Need money to purchase a Days Inn franchise? First Western Sblc, Inc has a history of making these loans and they are guaranteed by the SBA.

Days Inn franchise loans are available to Washington, District of Columbia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Western Sblc, Inc, based in Dallas, Texas, issued an SBA franchise loan for a Days Inn franchise in 2001. We've got all the details on this District of Columbia small business loan.

SBA Loan Borrower

DAYS INN OF WASHINGTON
WASHINGTON, DC 20002

SBA Loan Lender

FIRST WESTERN SBLC, INC
17950 PRESTON RD, STE 600,
DALLAS, TX 75252

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7011 - Hotels and Motels

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

8/27/2001

Loan Approval Gross Amount

$729,813

Loan Approval from the SBA

Of the total $729,813 loan amount, the SBA guaranteed $547,360.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Days Inn franchise. At the time of the loan, the company had 37 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Western Sblc, Inc had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Western Sblc, Inc made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Days Inn Worldwide Inc.

Debt Financing

Small Bank Loans in Dallas, Texas

Getting an SBA Loan in Texas