Washington Entrepreneur Secures Financing to Buy Mad Science Group Franchise

Borrowing money to buy a Mad Science Group franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Mad Science Group franchise? If so, here's a 2002 SBA franchise loan that you should know about. Bank Of America was the lender and the entrepreneur was based in Graham, Washington.

SBA Loan Borrower

MAD SCIENCE
GRAHAM, WA 98338

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

611110 - Elementary and Secondary Schools

Loan Approval Date

6/27/2002

Loan Approval Gross Amount

$10,800

Loan Approval from the SBA

Of the total $10,800 loan amount, the SBA guaranteed $5,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mad Science Group franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 18 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? 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.

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