Loan to Buy Kiddie Academy Franchise Issued By State Bank Of Long Island

Need money to buy a Kiddie Academy franchise? State Bank Of Long Island has a history of making these loans and they are guaranteed by the SBA.

If you live near Hicksville, New York and are interested in buying a Kiddie Academy franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by State Bank Of Long Island. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

KIDDIE ACADEMY OF HICKSVILLE
HICKSVILLE, NY 11968

SBA Loan Lender

STATE BANK OF LONG ISLAND
699 HILLSIDE AVE
NEW HYDE PARK, NY 11040

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8331 - Job Training and Vocational Rehabilitation Service

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

1/4/2001

Loan Approval Gross Amount

$380,000

Loan Approval from the SBA

Of the total $380,000 loan amount, the SBA guaranteed $285,000.

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 25 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from State Bank Of Long Island so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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