Massachusetts Entrepreneur Secures Financing to Buy Sylvan Learning Center Franchise

Borrowing money to purchase a Sylvan Learning Center franchise? Florence Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Sylvan Learning Center franchise loans are available to Hadley, Massachusetts entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Florence Savings Bank, based in Florence, Massachusetts, issued an SBA franchise loan for a Sylvan Learning Center franchise in 2007. We've got all the details on this Massachusetts small business loan.

SBA Loan Borrower

PIONEER VALLEY LEARNING, INC. DBA SYLVAN L
HADLEY, MA 01035

SBA Loan Lender

FLORENCE SAVINGS BANK
85 MAIN ST
FLORENCE, MA 01062

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

1/10/2007

Loan Approval Gross Amount

$139,000

Loan Approval from the SBA

Of the total $139,000 loan amount, the SBA guaranteed $104,250.

More Information on This SBA Loan

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

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Hadley MA, you ought to talk with a local Hadley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hadley businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Florence Savings Bank and they will explain how you can get an SBA loan for your company.

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

Determining Proper Capital Structure for a Business

SBA Banks in Florence, Massachusetts

Massachusetts SBA 7A Lenders