Ridgestone Bank Provides SBA Loan to Buy Goddard Early Learning Center Franchise

Borrowing money to purchase a Goddard Early Learning Center franchise? Ridgestone Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Goddard Early Learning Center franchise is doable. In 2007, Ridgestone Bank issued an SBA franchise loan to an entrepreneur in Bloomingdale, Illinois. Because Goddard Early Learning Center was registered with the SBA's registry of franchises, this Illinois small business loan was issued on an expedited basis.

SBA Loan Borrower

LITTLE KINGDOM INC
BLOOMINGDALE, IL 60108

SBA Loan Lender

RIDGESTONE BANK
13925 W NORTH AVE
BROOKFIELD, WI 53005

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

9/19/2007

Loan Approval Gross Amount

$509,000

Loan Approval from the SBA

Of the total $509,000 loan amount, the SBA guaranteed $381,750.

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 only one employee. The SBA loan application for the borrower indicated that the funding would help generate 6 new jobs.

Start the Process for Getting an SBA Loan Today!

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $509,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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