Fifth Third Bank Provides SBA Loan to Buy Goddard Early Learning Center Franchise
Need a loan to invest in a Goddard Early Learning Center franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Goddard Early Learning Center franchise? If so, here's a 2002 SBA franchise loan that you should know about. Fifth Third Bank was the lender and the entrepreneur was based in Beavercreek, Ohio.
SBA Loan Borrower
GODDARD SCHOOL
BEAVERCREEK, OH 45432
SBA Loan Lender
FIFTH THIRD BANK
38 FOUNTAIN SQ PLZ
CINCINNATI, OH 45263
This loan for a small business was granted by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA promises a rapid loan approval or denial response.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
624410 - Child Day Care Services
Loan Approval Date
5/23/2002
Loan Approval Gross Amount
$275,000
Loan Approval from the SBA
Of the total $275,000 loan amount, the SBA guaranteed $206,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Goddard Early Learning Center franchise. At the time of the loan, the company
had 18 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Fifth Third Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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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