Regions Bank Provides SBA Loan to Buy Kids R Kids Franchise

Need money to invest in a Kids R Kids franchise? Regions Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Kids R Kids franchise may simply require a phone call to a local SBA banker. In 2002, Regions Bank issued an SBA franchise loan to an entrepreneur in Houston, Texas. Because Kids R Kids was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

KIDS 'R' KIDS DAY CARE CENTER
HOUSTON, TX 77095

SBA Loan Lender

REGIONS BANK
6200 POPLAR AVE
MEMPHIS, TN 38119

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8351 - Child Day Care Services

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

4/24/2002

Loan Approval Gross Amount

$302,800

Loan Approval from the SBA

Of the total $302,800 loan amount, the SBA guaranteed $227,100.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Kids R Kids franchise. At the time of the loan, the company had 48 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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

A Company That Helps Entrepreneurs

SBA Approved Banks in Memphis, Tennessee

SBA Tennessee Lenders