Kleinbank Provides SBA Loan to Buy Days Inn Franchise

Need money to purchase a Days Inn franchise? Kleinbank has a history of making these loans and they are guaranteed by the SBA.

Days Inn franchise loans are available to Worthington, Minnesota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Kleinbank, based in Norwood Young America, Minnesota, issued an SBA franchise loan for a Days Inn franchise in 2003. We've got all the details on this Minnesota small business loan.

SBA Loan Borrower

DAYS INN WORTHINGTON,CO-BORROW
WORTHINGTON, MN 56187

SBA Loan Lender

KLEINBANK
800 FAXON RD
NORWOOD YOUNG AMERICA, MN 55368

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

6/25/2003

Loan Approval Gross Amount

$595,000

Loan Approval from the SBA

Of the total $595,000 loan amount, the SBA guaranteed $446,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Days Inn franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This SBA loan was for $595,000. How would you spend $595,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

Small Business Loan

SBA Participating Banks in Norwood Young America, Minnesota

Minnesota SBA Banks