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November 15, 2024 |
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| Home > Small Business Lenders by State > New York Business Loan Sources > Henderson, Business Loans > Washington Mutual Bank Henderson Business Loans > Kiddie Academy Of Commack Loan | ||||
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How to Get SBA Loans in Commack, New York
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Washington Mutual Bank Provides SBA Loan to Buy Kiddie Academy FranchiseNeed money to purchase a Kiddie Academy franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Kiddie Academy franchise? If so, here's a 2002 SBA franchise loan that you should know about. Washington Mutual Bank was the lender and the entrepreneur was based in Commack, New York. SBA Loan Borrower KIDDIE ACADEMY OF COMMACK SBA Loan Lender WASHINGTON MUTUAL BANK This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624410 - Child Day Care Services Loan Approval Date 3/1/2002 Loan Approval Gross Amount $271,400 Loan Approval from the SBA Of the total $271,400 loan amount, the SBA guaranteed $203,550. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Kiddie Academy franchise. At the time of the loan, the company had 15 employees. The loan application indicated that the loan would help retain 15 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Kiddie Academy Domestic Franchising, LLC Determining Proper Capital Structure for a Business SBA Banks in Henderson, Nevada
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