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| Entrepreneur Resources | Comerica Bank Dallas Business Loans | ||||
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Raising Money in Tulsa, Oklahoma With SBA Loans
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Tulsa, OK Entrepreneur Gets SBA Loan to Buy Best Inn FranchiseNeed money to buy a Best Inn franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Best Inn franchise? If so, here's a 2002 SBA franchise loan that you should know about. Comerica Bank was the lender and the entrepreneur was based in Tulsa, Oklahoma. SBA Loan Borrower EXECUTIVE INN SBA Loan Lender COMERICA BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels NAICS Code 721110 - Hotels (except Casino Hotels) and Motels Loan Approval Date 6/28/2002 Loan Approval Gross Amount $646,000 Loan Approval from the SBA Of the total $646,000 loan amount, the SBA guaranteed $484,500. More Information on This SBA Loan The borrower, Executive Inn, borrowed this money for a new business. This loan was used to buy a Best Inn franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Comerica 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 SBA loan database. Related Links: SBA Participating Banks in Texas If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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