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"Tech CU really went above and beyond in helping me get this loan. They were attentive and paid close attention to the needs of my business.
For example, the team took a very hands-on approach in facilitating the transfer of the franchise for the hotel. They also took the time to explain a lot of the SBA terminology and let me know what was going to happen at each step. This meant a lot in terms of making me feel comfortable, as I had no prior experience in this area.”
– Manishh Gajiwala, Small Business Owner, Days Inn
Manishh Gajiwala is a small business owner who has been working in the hospitality industry for decades — including being a hotel manager and operator for such franchise properties as America’s Best Value Inn and Days Inn. He also holds a minority ownership interest in three hospitality/retail properties in San Francisco.
Mr. Gajiwala had been managing a Days Inn franchise in the Bay Area for several years, when he was offered the chance to purchase the property from a close relative. Obtaining financing, however, became a challenge due to the involvement of the relative, as well as other factors.