Vanguard Bank & Trust Company Provides SBA Loan to Buy Kids Discovery Franchise

Need money to purchase a Kids Discovery franchise? Vanguard Bank & Trust Company has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Kids Discovery franchise? If so, here's a 2003 SBA franchise loan that you should know about. Vanguard Bank & Trust Company was the lender and the entrepreneur was based in Crestview, Florida.

SBA Loan Borrower

KIDS DISCOVERY
CRESTVIEW, FL 32536

SBA Loan Lender

VANGUARD BANK & TRUST COMPANY
23 S JOHN SIMS PKWY
VALPARAISO, FL 32580

This lender issued this small business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

6/11/2003

Loan Approval Gross Amount

$1,502,500

Loan Approval from the SBA

Of the total $1,502,500 loan amount, the SBA guaranteed $999,989.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Kids Discovery franchise. At the time of the loan, the company had 25 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 Vanguard Bank & Trust Company 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:

Business Credit Evaluation

SBA Approved Banks in Valparaiso, Florida

SBA Lenders in Florida