La Quinta® Inns, Inc. is pleased to announce theinception of a national loan program with the nation’s largest Small Business AdministrationLender, CIT Small Business Lending. The program enables qualified La Quinta franchiseesthe opportunity to receive the most favorable terms available on SBA loans up to $5 million.
“The value inherent in the La Quinta brand, the support for our franchisees and nowour financing continue to create win-win propositions for La Quinta and our partners,” saidAlan Tallis, executive vice president, chief development officer for La Quinta Inns, Inc.“This alliance with one of the most respected lenders in the SBA system is further testamentto the value of the La Quinta franchise program.”
“CIT’s goal is to make our clients as successful as possible,” said Doug Bagnasco,national account manager for CIT. “La Quinta has many of the attributes we look for in ahotel franchise concept. These strengths allow CIT to provide excellent terms for start-upprojects.”
CIT, the financial services division of Tyco International, is a leading, global sourceof financing and leasing capital and an advisor for companies in more than 30 industries.Additional information and the unit’s on-line loan application, EZApp, are available atwww.motelloan.com.