Colorado Springs, CO Entrepreneur Gets SBA Loan to Buy Learning Rx Franchise

Need money to buy a Learning Rx franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Colorado Springs, Colorado needed money to invest in a Learning Rx franchise back in 2005. U.S. Bank National Association issued an SBA franchise loan. Here are the details on this Colorado small business loan.

SBA Loan Borrower

LEARNING RX
COLORADO SPRINGS, CO 80906

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

This lender issued this loan for a small business under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611699 - Schools and Instruction

Loan Approval Date

12/30/2005

Loan Approval Gross Amount

$122,900

Loan Approval from the SBA

Of the total $122,900 loan amount, the SBA guaranteed $104,465.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Learning Rx franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

LearningRx

Business Incubators

Banks in Cincinnati, Ohio

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