Branch Bank & Trust Provides SBA Loan to Buy Kids R Kids Franchise

Borrowing 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.

Kids R Kids franchise loans are available to Cary, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Branch Bank & Trust, based in Winston Salem, North Carolina, issued an SBA franchise loan for a Kids R Kids franchise in 2005. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

BJB GLOVER PROPERTIES, LLC AND FUN 4 KIDS,
Cary, NC 27519

SBA Loan Lender

BRANCH BANK & TRUST
200 W 2ND ST
WINSTON SALEM, NC 27101

This lender issued this SBA bank loan under the SBA's 7(a) guaranteed loan 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

7/11/2005

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.

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 loan application indicated that the loan would help generate 25 new jobs and retain 1 existing job.

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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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

Role of Business Plan When Raising Money

SBA 7A Lenders in Winston Salem, North Carolina

SBA Lenders in North Carolina