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November 21, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Winston Salem, Business Loans > Branch Bank & Trust Winston Salem Business Loans > Kids R Kids Loan | ||||
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Texas Small Business Funding for Franchises
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Clodina, TX Entrepreneur Gets SBA Loan to Buy Kids R Kids FranchiseBorrowing money to buy a Kids R Kids franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Kids R Kids franchise may simply require a phone call to a local SBA banker. In 2004, Branch Bank & Trust issued an SBA franchise loan to an entrepreneur in Clodina, Texas. Because Kids R Kids was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis. SBA Loan Borrower KIDS R KIDS SBA Loan Lender BRANCH BANK & TRUST As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624410 - Child Day Care Services Loan Approval Date 11/5/2004 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,000,000. 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 only one employee. The SBA loan documents indicated that the loan would help generate 28 new jobs and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Branch Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Small Bank Loans in Winston Salem, North Carolina
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