Washington Mutual Bank Provides SBA Loan to Buy Primrose School daycare Franchise

Need a loan to invest in a Primrose School daycare franchise? Washington Mutual Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Primrose School daycare franchise requires some effort but others before you have been successful. In 2000, Washington Mutual Bank issued an SBA franchise loan to an entrepreneur in Jacksonville, Florida. Because Primrose School daycare was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

PRIMROSE SCHOOL OF JULINGTON C
JACKSONVILLE, FL 32259

SBA Loan Lender

WASHINGTON MUTUAL BANK
2273 N GREEN VALLEY PKWY, STE
HENDERSON, NV 89014

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

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

8/14/2000

Loan Approval Gross Amount

$1,829,000

Loan Approval from the SBA

Of the total $1,829,000 loan amount, the SBA guaranteed $749,999.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Primrose School daycare franchise. At the time of the loan, the company had 18 employees. The SBA loan documents indicated that the funding would help generate 18 new jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Washington Mutual Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Primrose School Franchising Company

Accountant's Role in Securing Financing

Where to Get an SBA Loan in Henderson, Nevada

Getting an SBA Loan in Nevada