Simpsonville, SC Entrepreneur Gets SBA Loan to Buy Kiddie Academy Franchise

Need a loan to invest in a Kiddie Academy franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Kiddie Academy franchise? If so, here's a 2006 SBA franchise loan that you should know about. Cit Small Business Lending Corp was the lender and the entrepreneur was based in Simpsonville, South Carolina.

SBA Loan Borrower

KIDDIE ACADEMY CHILD CARE
SIMPSONVILLE, SC 29681

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA 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

9/27/2006

Loan Approval Gross Amount

$1,951,000

Loan Approval from the SBA

Of the total $1,951,000 loan amount, the SBA guaranteed $1,463,250.

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 24 employees. The SBA loan documents indicated that the loan would help generate 23 new jobs and retain 1 existing job.

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

If you are working on finding money to start a business in Simpsonville SC, you ought to talk with a local Simpsonville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Simpsonville businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Cit Small Business Lending Corp are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Kiddie Academy Domestic Franchising, LLC

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