Loan to Buy Kids R Kids Franchise Issued By Wachovia Sba Lending, Inc.

Need a loan to buy a Kids R Kids franchise? Wachovia Sba Lending, Inc. has a history of making these loans and they are guaranteed by the SBA.

If you live near Clayton, North Carolina and are interested in buying a Kids R Kids franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Wachovia Sba Lending, Inc.. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

ABERNATHY PROPERTY MANAGEMENTL
CLAYTON, NC 27520

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

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

624410 - Child Day Care Services

Loan Approval Date

3/21/2005

Loan Approval Gross Amount

$557,000

Loan Approval from the SBA

Of the total $557,000 loan amount, the SBA guaranteed $417,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Kids R Kids franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 29 new jobs and retain 2 existing jobs.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $557,000. How would you spend $557,000 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:

Kids R Kids

Bank Credit Lines

SBA 7A Banks in Roseville, California

SBA Participating Banks in California