Georgia Entrepreneur Secures Financing to Buy Sunbrook Academy Of Stilesboro Franchise

Need a loan to invest in a Sunbrook Academy Of Stilesboro franchise? Branch Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Sunbrook Academy Of Stilesboro franchise? If so, here's a 2004 SBA franchise loan that you should know about. Branch Bank & Trust was the lender and the entrepreneur was based in Smyrna, Georgia.

SBA Loan Borrower

SUNBROOK ACADEMY
SMYRNA, GA 30082

SBA Loan Lender

BRANCH BANK & TRUST
200 W 2ND ST
WINSTON SALEM, NC 27101

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

6/22/2004

Loan Approval Gross Amount

$1,600,000

Loan Approval from the SBA

Of the total $1,600,000 loan amount, the SBA guaranteed $1,200,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sunbrook Academy Of Stilesboro franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 22 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need emergency business money, 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:

Sunbrook Academy

Business Credit Evaluation

SBA Participating Banks in Winston Salem, North Carolina

SBA North Carolina Banks