Gilbertsville, PA Entrepreneur Gets SBA Loan to Buy Huntington Learning Center Franchise

Need a loan to buy a Huntington Learning Center franchise? Preferred Capital Bidco, Inc. has a history of making these loans and they are guaranteed by the SBA.

Huntington Learning Center franchise loans are available to Gilbertsville, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Preferred Capital Bidco, Inc., based in Wilmington, Delaware, issued an SBA franchise loan for a Huntington Learning Center franchise in 2007. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

HUNTINGTON LEARNING CENTER
GILBERTSVILLE, PA 19525

SBA Loan Lender

PREFERRED CAPITAL BIDCO, INC.
300 DELAWARE AVENUE, SUITE 13
WILMINGTON, DE 19801

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

611710 - Educational Support Services

Loan Approval Date

9/27/2007

Loan Approval Gross Amount

$450,000

Loan Approval from the SBA

Of the total $450,000 loan amount, the SBA guaranteed $337,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Huntington Learning Center franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 4 existing jobs.

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:

Huntington Learning Center, Inc.

Banking Deregulation's Effects on Entrepreneurship

Best Wilmington, Delaware Banks for Small Business

SBA Lenders in Delaware