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April 27, 2024  
 
 
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Loan Census SBA Loan Info

The Fidelity Bank Provides SBA Loan to Buy Kiddie Academy Franchise

Need money to purchase a Kiddie Academy franchise? The Fidelity Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Raleigh, North Carolina and are interested in buying a Kiddie Academy franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by The Fidelity Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

KIDDIE ACADEMY
RALEIGH, NC 27613

SBA Loan Lender

THE FIDELITY BANK
10217 CHAPEL HILL RD
MORRISVILLE, NC 27560

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

7/6/2006

Loan Approval Gross Amount

$315,000

Loan Approval from the SBA

Of the total $315,000 loan amount, the SBA guaranteed $236,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Kiddie Academy franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

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