Loan to Buy Kids R Kids Franchise Issued By Bank Of The West

Need money to buy a Kids R Kids franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Kids R Kids franchise is doable. In 2000, Bank Of The West issued an SBA franchise loan to an entrepreneur in Conroe, 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

KID'S 'R' KIDS
CONROE, TX 77303

SBA Loan Lender

BANK OF THE WEST
180 MONTGOMERY ST
SAN FRANCISCO, CA 94104

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.

SIC Code

8351 - Child Day Care Services

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

9/13/2000

Loan Approval Gross Amount

$1,827,000

Loan Approval from the SBA

Of the total $1,827,000 loan amount, the SBA guaranteed $749,983.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 33 new jobs and retain 34 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Conroe TX, you ought to talk with a local Conroe SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Conroe businesses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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

The Art of Bootstrapping

Small Bank Loans in San Francisco, California

Where to Get an SBA Loan California