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April 30, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Marietta, Business Loans > Bank Of North Georgia Marietta Business Loans > Primrose School Of Sixes Road Loan | ||||
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Where to Get a Business Loan to Purchase a Franchise
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Bank Of North Georgia Provides SBA Loan to Buy Primrose School daycare FranchiseNeed money to purchase a Primrose School daycare franchise? Bank Of North Georgia has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Primrose School daycare franchise may simply require a phone call to a local SBA banker. In 2001, Bank Of North Georgia issued an SBA franchise loan to an entrepreneur in Canton, Georgia. Because Primrose School daycare was registered with the SBA's registry of franchises, this Georgia small business loan was issued on an expedited basis. SBA Loan Borrower PRIMROSE SCHOOL OF SIXES ROAD SBA Loan Lender BANK OF NORTH GEORGIA 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 6/7/2001 Loan Approval Gross Amount $1,910,000 Loan Approval from the SBA Of the total $1,910,000 loan amount, the SBA guaranteed $999,999. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Primrose School daycare franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the funding would help generate 29 new jobs. Great, But How Can I Get an SBA Loan for My Business? Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 Microlending as a Small Business Funding Source Best Banks for Small Business in Marietta, Georgia
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