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November 15, 2024 |
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| Home > Small Business Lenders by State > Oklahoma Business Loan Sources > Henderson, Business Loans > Washington Mutual Bank Henderson Business Loans > Days Inn Of Weatherford Loan | ||||
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Raising Money in Weatherford, Oklahoma With SBA Loans
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Washington Mutual Bank Provides SBA Loan to Buy Days Inn FranchiseBorrowing money to purchase a Days Inn franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Weatherford, Oklahoma and are interested in buying a Days Inn franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Washington Mutual Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower DAYS INN OF WEATHERFORD SBA Loan Lender WASHINGTON MUTUAL BANK This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. 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 1/24/2000 Loan Approval Gross Amount $1,525,500 Loan Approval from the SBA Of the total $1,525,500 loan amount, the SBA guaranteed $711,798. 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 9 employees. The SBA loan documents indicated that the loan would help retain 9 existing jobs. 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,525,500 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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:
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