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December 24, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Sacramento, Business Loans > California Bank & Trust Sacramento Business Loans > Sylvan Learning Center Loan | ||||
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How to Get SBA Loans in Covington, Georgia
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California Bank & Trust Provides SBA Loan to Buy Sylvan Learning Center FranchiseNeed a loan to buy a Sylvan Learning Center franchise? California Bank & Trust has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Sylvan Learning Center franchise? If so, here's a 2002 SBA franchise loan that you should know about. California Bank & Trust was the lender and the entrepreneur was based in Covington, Georgia. SBA Loan Borrower SYLVAN LEARNING CENTER SBA Loan Lender CALIFORNIA BANK & TRUST This lender provides SBA debt financing 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 611691 - Exam Preparation and Tutoring Loan Approval Date 5/15/2002 Loan Approval Gross Amount $247,000 Loan Approval from the SBA Of the total $247,000 loan amount, the SBA guaranteed $185,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Sylvan Learning Center franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 6 existing jobs. Next Steps for Getting an SBA Loan 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. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Banking Deregulation's Effects on Entrepreneurship SBA 7A Lenders in Sacramento, California Find an SBA Lender in California
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