Henderson, NV Entrepreneur Gets SBA Loan to Buy Kiddie Academy Franchise
Need money to buy a Kiddie Academy franchise? California Bank & Trust has a history of making these loans and they are guaranteed by the SBA.
Kiddie Academy franchise loans are available to Henderson, Nevada entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, California Bank & Trust, based in Sacramento, California, issued an SBA franchise loan for a Kiddie Academy franchise in 2002. We've got all the details on this Nevada small business loan.
SBA Loan Borrower
KIDDIE ACADEMY
HENDERSON, NV 89052
SBA Loan Lender
CALIFORNIA BANK & TRUST
2399 GATEWAY OAKS DR, STE 110
SACRAMENTO, CA 95833
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
624410 - Child Day Care Services
Loan Approval Date
8/14/2002
Loan Approval Gross Amount
$99,000
Loan Approval from the SBA
Of the total $99,000 loan amount, the SBA guaranteed $84,150.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Kiddie Academy franchise. At the time of the loan, the company
had 2 employees. This SBA loan request indicated that the loan would help generate 25 new jobs and retain 25 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide money to small business owners for working capital for other expenses.
There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.
Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!
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.
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