Katy, TX Entrepreneur Gets SBA Loan to Buy Children's Lighthouse Franchise

Need money to purchase a Children's Lighthouse franchise? Trustmark National Bank 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 2007. Trustmark National Bank issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

CHILDRENS LIGHTHOUSE
KATY, TX 77493

SBA Loan Lender

TRUSTMARK NATIONAL BANK
248 E CAPITOL ST
JACKSON, MS 39201

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

4/24/2007

Loan Approval Gross Amount

$222,000

Loan Approval from the SBA

Of the total $222,000 loan amount, the SBA guaranteed $166,500.

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. This SBA loan request indicated that the loan would help generate 16 new jobs and retain 18 existing jobs.

Start the Process for Getting an SBA Loan Today!

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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $222,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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