Frankfort, IL Entrepreneur Gets SBA Loan to Buy Huntington Learning Center Franchise

Borrowing money to buy a Huntington Learning Center franchise? Busey Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Huntington Learning Center franchise? If so, here's a 2006 SBA franchise loan that you should know about. Busey Bank was the lender and the entrepreneur was based in Frankfort, Illinois.

SBA Loan Borrower

HUNTINGTON LEARNING CENTER
FRANKFORT, IL 60423

SBA Loan Lender

BUSEY BANK
100 W UNIVERSITY AVE
CHAMPAIGN, IL 61820

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

611691 - Exam Preparation and Tutoring

Loan Approval Date

11/21/2006

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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 35 employees. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 35 existing jobs.

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

If you are working on finding money to start a business in Frankfort IL, you ought to talk with a local Frankfort SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Frankfort businesses.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? 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.

Obtaining Funding - Friends and Family

Where to Get an SBA Loan in Champaign, Illinois

Getting an SBA Loan in Illinois