Borrow Money to Buy a Sylvan Learning Center Franchise

Need money to invest in a Sylvan Learning Center franchise? Bank Of Stanly has a history of making these loans and they are guaranteed by the SBA.

Sylvan Learning Center franchise loans are available to Albemarle, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of Stanly, based in Albemarle, North Carolina, issued an SBA franchise loan for a Sylvan Learning Center franchise in 2007. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

BRIGHT LEARING CENTER, LLC
ALBEMARLE, NC 28001

SBA Loan Lender

BANK OF STANLY
167 N 2ND ST
ALBEMARLE, NC 28001

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611710 - Educational Support Services

Loan Approval Date

3/13/2007

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sylvan Learning Center franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Of Stanly and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Sylvan Learning Center

Dealing With Venture Capitalists

SBA Approved Banks in Albemarle, North Carolina

Where to Get an SBA Loan North Carolina