Borrow Money to Buy a Goddard Early Learning Center Franchise

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

If you live near Gaithersburg, Maryland 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 2007 by K Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

GODDARD SCHOOL IN GAITHERSBURG
GAITHERSBURG, MD 20878

SBA Loan Lender

K BANK
11407 CRONHILL DR, STE N
OWINGS MILLS, MD 21117

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

624410 - Child Day Care Services

Loan Approval Date

2/15/2007

Loan Approval Gross Amount

$986,000

Loan Approval from the SBA

Of the total $986,000 loan amount, the SBA guaranteed $690,200.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 35 new jobs and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like K Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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