Exton, PA Entrepreneur Gets SBA Loan to Buy Goddard Early Learning Center Franchise

Borrowing money to purchase a Goddard Early Learning Center franchise? National Penn Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Goddard Early Learning Center franchise may simply require a phone call to a local SBA banker. In 2002, National Penn Bank issued an SBA franchise loan to an entrepreneur in Exton, Pennsylvania. Because Goddard Early Learning Center was registered with the SBA's registry of franchises, this Pennsylvania small business loan was issued on an expedited basis.

SBA Loan Borrower

GODDARD SCHOOL
EXTON, PA 19341

SBA Loan Lender

NATIONAL PENN BANK
PHILADELPHIA & READING AVES
BOYERTOWN, PA 19512

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

3/25/2002

Loan Approval Gross Amount

$528,000

Loan Approval from the SBA

Of the total $528,000 loan amount, the SBA guaranteed $396,000.

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 28 employees. The loan application indicated that the loan would help generate 1 new job and retain 28 existing jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into National Penn Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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