Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Citizens Bank Of Pennsylvania Franchise Loans

 

 
Loan Census SBA Loan Info

Greensburg, PA Entrepreneur Gets SBA Loan to Buy Sylvan Learning Center Franchise

Need a loan to buy a Sylvan Learning Center franchise? Citizens Bank Of Pennsylvania has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Sylvan Learning Center franchise? If so, here's a 2003 SBA franchise loan that you should know about. Citizens Bank Of Pennsylvania was the lender and the entrepreneur was based in Greensburg, Pennsylvania.

SBA Loan Borrower

SYLVAN LEARNING CENTER
GREENSBURG, PA 15601

SBA Loan Lender

CITIZENS BANK OF PENNSYLVANIA
2001 MARKET ST, STE 600
PHILADELPHIA, PA 19103

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

611691 - Exam Preparation and Tutoring

Loan Approval Date

9/11/2003

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $17,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sylvan Learning Center franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower indicated that the loan would help retain 15 existing jobs.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We can help you find the best banks for small businesses in Greensburg or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Sylvan Learning Center

How Equity Dilution Works

Who Lends Money to Small Businesses in Philadelphia, Pennsylvania

SBA Lenders in Pennsylvania