Business Lenders, LLC Provides SBA Loan to Buy Econo Lodge Motel Franchise

Borrowing money to invest in an Econo Lodge Motel franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA.

Econo Lodge Motel franchise loans are available to Wisconsin Dells, Wisconsin entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Business Lenders, LLC, based in Hartford, Connecticut, issued an SBA franchise loan for an Econo Lodge Motel franchise in 2006. We've got all the details on this Wisconsin small business loan.

SBA Loan Borrower

ECONO LODGE WISCONSIN
WISCONSIN DELLS, WI 53965

SBA Loan Lender

BUSINESS LENDERS, LLC
50 STATE HOUSE SQUARE 5TH FL
HARTFORD, CT 06103

This lender issued this SBA bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

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

3/22/2006

Loan Approval Gross Amount

$1,720,000

Loan Approval from the SBA

Of the total $1,720,000 loan amount, the SBA guaranteed $1,290,000.

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 5 employees. The loan application did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Business Lenders, LLC and they will explain how you can get an SBA loan for your company.

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:

Econo Lodges of America, Inc.

Dealing With Venture Capitalists

SBA Approved Banks in Hartford, Connecticut

Connecticut SBA 7A Lenders