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May 1, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Salt Lake City, Business Loans > Magnet Bank Salt Lake City Business Loans > Childrens Lighthouse-Little El Loan | ||||
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Texas Small Business Funding for Franchises
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Loan to Buy Children's Lighthouse Franchise Issued By Magnet BankNeed a loan to purchase a Children's Lighthouse franchise? Magnet Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Children's Lighthouse franchise? If so, here's a 2008 SBA franchise loan that you should know about. Magnet Bank was the lender and the entrepreneur was based in Little Elm, Texas. SBA Loan Borrower CHILDRENS LIGHTHOUSE-LITTLE EL SBA Loan Lender MAGNET BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA 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 2/22/2008 Loan Approval Gross Amount $1,882,000 Loan Approval from the SBA Of the total $1,882,000 loan amount, the SBA guaranteed $1,411,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Children's Lighthouse franchise. At the time of the loan, the company had 32 employees. The SBA loan application for the borrower indicated that the loan would help generate 30 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Magnet Bank and they will explain how you can get an SBA loan for your company. 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 SBA 7A Banks in Salt Lake City, Utah
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