Loan to Buy Children's Lighthouse Franchise Issued By Trustmark National Bank

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

Children's Lighthouse franchise loans are available to Keller, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Trustmark National Bank, based in Houston, Texas, issued an SBA franchise loan for a Children's Lighthouse franchise in 2005. We've got all the details on this Texas small business loan.

SBA Loan Borrower

CHILDREN'S LIGHTHOUSE AT ALTA
KELLER, TX 76248

SBA Loan Lender

TRUSTMARK NATIONAL BANK
4200 WESTHEIMER
HOUSTON, TX 77027

This lender issued this commercial loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

4/29/2005

Loan Approval Gross Amount

$1,512,000

Loan Approval from the SBA

Of the total $1,512,000 loan amount, the SBA guaranteed $1,134,000.

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 10 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We can help you find the best banks for small businesses in Keller or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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

Accountant's Role in Securing Financing

Small Bank Loans in Houston, Texas

SBA Lenders in Texas