Marietta, GA Entrepreneur Gets SBA Loan to Buy Primrose School daycare Franchise

Borrowing money to buy a Primrose School daycare franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Primrose School daycare franchise loans are available to Marietta, Georgia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cit Small Business Lending Corp, based in Livingston, New Jersey, issued an SBA franchise loan for a Primrose School daycare franchise in 2002. We've got all the details on this Georgia small business loan.

SBA Loan Borrower

PRIMROSE SCHOOLS
MARIETTA, GA 30062

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

1/30/2002

Loan Approval Gross Amount

$891,000

Loan Approval from the SBA

Of the total $891,000 loan amount, the SBA guaranteed $668,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Primrose School daycare franchise. At the time of the loan, the company had 23 employees. The SBA loan documents indicated that the loan would help retain 23 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Marietta GA, you ought to talk with a local Marietta SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Marietta businesses.

This SBA loan was for $891,000. How would you spend $891,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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

How to Raise Money

SBA 7A Banks for Livingston, New Jersey Loans

New Jersey SBA 7A Lenders