California, MD Entrepreneur Gets SBA Loan to Buy Huntington Learning Center Franchise

Need money to buy a Huntington Learning Center franchise? The Adams National Bank has a history of making these loans and they are guaranteed by the SBA.

Huntington Learning Center franchise loans are available to California, Maryland entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Adams National Bank, based in Washington, District of Columbia, issued an SBA franchise loan for a Huntington Learning Center franchise in 2005. We've got all the details on this Maryland small business loan.

SBA Loan Borrower

HUNTINGDON LEARNING CENTER
CALIFORNIA, MD 20619

SBA Loan Lender

THE ADAMS NATIONAL BANK
1130 CONNECTICUT AVE NW, STE
WASHINGTON, DC 20006

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611110 - Elementary and Secondary Schools

Loan Approval Date

12/12/2005

Loan Approval Gross Amount

$240,160

Loan Approval from the SBA

Of the total $240,160 loan amount, the SBA guaranteed $180,120.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Huntington Learning Center franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like The Adams National Bank and they will explain how you can get an SBA loan for your company.

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:

Huntington Learning Center, Inc.

Dealing With Venture Capitalists

Banks in Washington, District of Columbia

District of Columbia SBA 7A Lenders