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November 29, 2020  
 
 
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How to Get SBA Loans in Highland Village, Texas

 

 
Loan Census SBA Loan Info

Highland Village, TX Entrepreneur Gets SBA Loan to Buy Adventure Kids Playcare Franchise

Borrowing money to buy an Adventure Kids Playcare franchise? Surety Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Highland Village, Texas and are interested in buying an Adventure Kids Playcare franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by Surety Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

ADVENTURE KIDS PLAYCARE-FLOWER
HIGHLAND VILLAGE, TX 75077

SBA Loan Lender

SURETY BANK
1501 SUMMIT AVE
FORT WORTH, TX 76102

This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

5/22/2007

Loan Approval Gross Amount

$330,000

Loan Approval from the SBA

Of the total $330,000 loan amount, the SBA guaranteed $247,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Adventure Kids Playcare franchise. At the time of the loan, the company had 25 employees. The SBA loan documents indicated that the loan would help retain 25 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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.

Related Links:

Adventure Kids Playcare

Understanding Dilution

Small Bank Loans in Fort Worth, Texas

Texas SBA 7A Lenders