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March 28, 2024  
 
 
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Raising Money in Katy, Texas With SBA Loans

 

 
Loan Census SBA Loan Info

Texas Entrepreneur Secures Financing to Buy Children's Lighthouse Franchise

Need money to buy a Children's Lighthouse franchise? First National Bank Of Arizona has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Katy, Texas needed money to invest in a Children's Lighthouse franchise back in 2006. First National Bank Of Arizona issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

CHILDRENS LIGHTHOUSE
KATY, TX 77494

SBA Loan Lender

FIRST NATIONAL BANK OF ARIZONA
17600 N PERIMETER DR
SCOTTSDALE, AZ 85255

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

12/20/2006

Loan Approval Gross Amount

$488,000

Loan Approval from the SBA

Of the total $488,000 loan amount, the SBA guaranteed $366,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Children's Lighthouse franchise. At the time of the loan, the company had 30 employees. The loan application did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

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:

Children's Lighthouse Learning Centers

Small Business Loan

Good Banks for Small Business in Scottsdale, Arizona

Arizona SBA Bank Lenders