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$1,180,000 SBA Loan for Franchise Motel 6 - Kentucky Couple are now Small Business Owners

"I was able to purchase a Motel 6 franchise for the first time with the help of 44 Business Capital. Without this firm, I would not have become a small business owner. Other banks did not look at our situation. They just said NO, as this was our first time buying a motel. Jeff Sherry at 44 Business Capital listened to everything and understood our business experience and he found that we were capable of running a motel. We got the loan that fulfilled our dreams. All of the staff at 44 Business Capital are very knowledgeable and co-operative. They can see the hidden gems in you. Thank you Jeff and 44 Business Capital."

Situl & Pankita Patel
Motel 6 Franchise | Berea, Kentucky

CHALLENGE

A young couple, Situl and Pankita Patel were looking to own their first small business but had a minimal equity injection - only 15%. Several banks would not finance the loan without prior small business experience. Jeff Sherry, SVP at 44 Business Capital was able to structure a $1,180,000 loan after looking at the borrower's prior experience in the business. The Patel's are now owners of a Motel 6 Franchise in rural Berea, Kentucky, a popular destination for arts and folk festivals throughout the year.
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