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

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

An entrepreneur in Fort Washington, Pennsylvania needed money to invest in a Goddard Early Learning Center franchise back in 2002. Bank Of America issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

TREVLYN PROPERTIES INC
FORT WASHINGTON, PA 19034

SBA Loan Lender

BANK OF AMERICA
4 SENTRY PKWY, STE 200
BLUE BELL, PA 19422

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

611699 - Schools and Instruction

Loan Approval Date

6/21/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Goddard Early Learning Center franchise. At the time of the loan, the company had 18 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

While you may be able to find business people willing to loan money, 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.

Related Links:

Small Business Loan

SBA Approved Banks in Blue Bell, Pennsylvania

SBA Participating Banks in Pennsylvania