Prosperan Bank Provides SBA Loan to Buy Sylvan Learning Center Franchise

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

Sylvan Learning Center franchise loans are available to Hudson, Wisconsin entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Prosperan Bank, based in Oakdale, Minnesota, issued an SBA franchise loan for a Sylvan Learning Center franchise in 2006. We've got all the details on this Wisconsin small business loan.

SBA Loan Borrower

SYLVAN LEARNING CENTER
HUDSON, WI 54016

SBA Loan Lender

PROSPERAN BANK
990 HELENA AVE NORTH
OAKDALE, MN 55128

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8299 - Schools and Educational Services

NAICS Code

611691 - Exam Preparation and Tutoring

Loan Approval Date

3/2/2006

Loan Approval Gross Amount

$289,000

Loan Approval from the SBA

Of the total $289,000 loan amount, the SBA guaranteed $216,750.

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 17 employees. The loan application did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you need seed money for business? 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.

Related Links:

Sylvan Learning Center

Obtaining Funding - How to Borrow Money

Banks in Oakdale, Minnesota

Browse All Business Loan Sources for Minnesota