Loan to Buy Kids R Kids Franchise Issued By Branch Bank & Trust
Need money to invest in a Kids R Kids franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a Kids R Kids franchise requires some effort but others before you have been successful. In 2007, Branch Bank & Trust issued an SBA franchise loan to an entrepreneur in Midlothian, Virginia. Because Kids R Kids was registered with the SBA's registry of franchises, this Virginia small business loan was issued on an expedited basis.
SBA Loan Borrower
TNT KIDS PARTNERS, LLC & FUN 4 KIDS, INC.
MIDLOTHIAN, VA 23112
SBA Loan Lender
BRANCH BANK & TRUST
200 W 2ND ST
WINSTON SALEM, NC 27101
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
1/5/2007
Loan Approval Gross Amount
$2,000,000
Loan Approval from the SBA
Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Kids R Kids franchise. At the time of the loan, the company
had 2 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 2 existing jobs.
Getting an SBA Loan For Your Business
SBA loans provide smart, affordable business financing for small businesses looking to expand.
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.
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Kids R Kids
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Small Bank Loans in Winston Salem, North Carolina
North Carolina SBA 7A Banks