Trustmark National Bank Provides SBA Loan to Buy Children's Lighthouse Franchise

Need a loan to invest in a Children's Lighthouse franchise? Trustmark National Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Katy, Texas and are interested in buying a Children's Lighthouse franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Trustmark National Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

CHILDREN'S LIGHTHOUSE
KATY, TX 77449

SBA Loan Lender

TRUSTMARK NATIONAL BANK
14604 NW FRWY
HOUSTON, TX 77040

This lender provides SBA guaranteed 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.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

1/18/2005

Loan Approval Gross Amount

$1,498,000

Loan Approval from the SBA

Of the total $1,498,000 loan amount, the SBA guaranteed $1,123,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Children's Lighthouse franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 22 new jobs.

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Trustmark National 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.

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