Doylestown, PA Entrepreneur Gets SBA Loan to Buy Goddard Early Learning Center Franchise
Need a loan to invest in a Goddard Early Learning Center franchise? National Penn Bank has a history of making these loans and they are guaranteed by the SBA.
If you live near Doylestown, Pennsylvania and are interested in buying a Goddard Early Learning Center franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by National Penn Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.
SBA Loan Borrower
DOWNS ARB INC
DOYLESTOWN, PA 18901
SBA Loan Lender
NATIONAL PENN BANK
PHILADELPHIA & READING AVES
BOYERTOWN, PA 19512
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
611110 - Elementary and Secondary Schools
Loan Approval Date
3/8/2005
Loan Approval Gross Amount
$470,000
Loan Approval from the SBA
Of the total $470,000 loan amount, the SBA guaranteed $352,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Goddard Early Learning Center franchise. At the time of the loan, the company
had 22 employees. The SBA loan application for the borrower indicated that the loan would help retain 22 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
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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