Borrow Money to Buy a Goddard Early Learning Center Franchise

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

Goddard Early Learning Center franchise loans are available to Chesapeake, Virginia entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Resource Bank, based in Virginia Beach, Virginia, issued an SBA franchise loan for a Goddard Early Learning Center franchise in 2003. We've got all the details on this Virginia small business loan.

SBA Loan Borrower

GODDARD SCHOOL
CHESAPEAKE, VA 23320

SBA Loan Lender

RESOURCE BANK
4429 BONNEY RD, STE 300
VIRGINIA BEACH, VA 23462

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

9/17/2003

Loan Approval Gross Amount

$1,412,000

Loan Approval from the SBA

Of the total $1,412,000 loan amount, the SBA guaranteed $999,992.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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