Mississippi Entrepreneur Secures Financing to Buy Huntington Learning Center Franchise

Need a loan to invest in a Huntington Learning Center franchise? Community Bank Of Mississippi has a history of making these loans and they are guaranteed by the SBA.

If you live near Jackson, Mississippi and are interested in buying a Huntington Learning Center franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Community Bank Of Mississippi. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

HUNTINGTON LEARNING CENTER
JACKSON, MS 39206

SBA Loan Lender

COMMUNITY BANK OF MISSISSIPPI
1255 W GOVERNMENT ST
BRANDON, MS 39042

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8299 - Schools and Educational Services

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

5/7/2002

Loan Approval Gross Amount

$127,000

Loan Approval from the SBA

Of the total $127,000 loan amount, the SBA guaranteed $107,950.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Huntington Learning Center franchise. At the time of the loan, the company had 19 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This SBA loan was for $127,000. How would you spend $127,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Huntington Learning Center, Inc.

Family and Friend Investors - Your First Financiers

SBA 7A Lenders in Brandon, Mississippi

SBA Lenders in Mississippi