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December 21, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Scottsdale, Business Loans > First National Bank Of Arizona Scottsdale Business Loans > Childrens Lighthouse Loan | ||||
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Raising Money in Katy, Texas With SBA Loans
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Texas Entrepreneur Secures Financing to Buy Children's Lighthouse FranchiseNeed money to buy a Children's Lighthouse franchise? First National Bank Of Arizona has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Katy, Texas needed money to invest in a Children's Lighthouse franchise back in 2006. First National Bank Of Arizona issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower CHILDRENS LIGHTHOUSE SBA Loan Lender FIRST NATIONAL BANK OF ARIZONA This lender provides SBA business 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 12/20/2006 Loan Approval Gross Amount $488,000 Loan Approval from the SBA Of the total $488,000 loan amount, the SBA guaranteed $366,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Children's Lighthouse franchise. At the time of the loan, the company had 30 employees. The loan application did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. 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. Related Links: Children's Lighthouse Learning Centers Good Banks for Small Business in Scottsdale, Arizona
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