Texas Entrepreneur Secures Financing to Buy Adventure Kids Playcare Franchise
Need a loan to buy an Adventure Kids Playcare franchise? Colonial Savings, F.A. has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Dallas, Texas needed money to invest in an Adventure Kids Playcare franchise back in 2006. Colonial Savings, F.A. issued an SBA franchise loan. Here are the details on this Texas small business loan.
SBA Loan Borrower
ADVENTURE KIDS PLAYCARE
DALLAS, TX 75205
SBA Loan Lender
COLONIAL SAVINGS, F.A.
2600 WEST FRWY
FORT WORTH, TX 76102
This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
624410 - Child Day Care Services
Loan Approval Date
12/14/2006
Loan Approval Gross Amount
$395,000
Loan Approval from the SBA
Of the total $395,000 loan amount, the SBA guaranteed $296,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy an Adventure Kids Playcare franchise. At the time of the loan, the company
had 25 employees. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
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.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Colonial Savings, F.A. had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Colonial Savings, F.A. made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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:
Adventure Kids Playcare
Family and Friend Investors - Your First Financiers
Who Lends Money to Small Businesses in Fort Worth, Texas
Getting an SBA Loan in Texas