Branch Bank & Trust Provides SBA Loan to Buy Discovery Point Franchise

Need money to purchase a Discovery Point franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Odessa, Florida needed money to invest in a Discovery Point franchise back in 2005. Branch Bank & Trust issued an SBA franchise loan. Here are the details on this Florida small business loan.

SBA Loan Borrower

DISCOVERY POINT CHILD DEVELOPM
ODESSA, FL 33556

SBA Loan Lender

BRANCH BANK & TRUST
1134 CLARK ST
COVINGTON, GA 30326

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a 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

4/20/2005

Loan Approval Gross Amount

$1,970,000

Loan Approval from the SBA

Of the total $1,970,000 loan amount, the SBA guaranteed $1,477,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Discovery Point franchise. At the time of the loan, the company had 20 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Branch Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Discovery Point

Direct Public Offerings

SBA Participating Banks in Covington, Georgia

Georgia SBA 7A Banks