Illinois Entrepreneur Secures Financing to Buy Huntington Learning Center Franchise

Need money to purchase a Huntington Learning Center franchise? Harris National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Downers Grove, Illinois needed money to invest in a Huntington Learning Center franchise back in 2003. Harris National Association issued an SBA franchise loan. Here are the details on this Illinois small business loan.

SBA Loan Borrower

HUNTINGTON LEARNING CENTER
DOWNERS GROVE, IL 60516

SBA Loan Lender

HARRIS NATIONAL ASSOCIATION
201 S GROVE AVE
BARRINGTON, IL 60010

This loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending track record and a deep knowledge SBA loan requirements.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611691 - Exam Preparation and Tutoring

Loan Approval Date

10/7/2003

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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.

The Friends and Family Network

SBA 7A Lenders in Barrington, Illinois

SBA Lenders in Illinois