Henderson, NV Entrepreneur Gets SBA Loan to Buy Math Monkey Franchise

Borrowing money to buy a Math Monkey franchise? Community Bank Of Nevada has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Math Monkey franchise? If so, here's a 2007 SBA franchise loan that you should know about. Community Bank Of Nevada was the lender and the entrepreneur was based in Henderson, Nevada.

SBA Loan Borrower

MATH MONKEY
HENDERSON, NV 89052

SBA Loan Lender

COMMUNITY BANK OF NEVADA
400 S 4TH ST, STE 215
LAS VEGAS, NV 89101

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611710 - Educational Support Services

Loan Approval Date

4/19/2007

Loan Approval Gross Amount

$155,800

Loan Approval from the SBA

Of the total $155,800 loan amount, the SBA guaranteed $116,850.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Math Monkey franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 7 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Community Bank Of Nevada had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community Bank Of Nevada made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Obtaining Funding - How to Borrow Money

SBA Participating Banks in Las Vegas, Nevada

Find an SBA Lender in Nevada