Loan to Buy Kumon Math And Reading Center Franchise Issued By Keypoint Cu

Borrowing money to buy a Kumon Math And Reading Center franchise? Keypoint Cu has a history of making these loans and they are guaranteed by the SBA.

Kumon Math And Reading Center franchise loans are available to Los Gatos, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Keypoint Cu, based in Santa Clara, California, issued an SBA franchise loan for a Kumon Math And Reading Center franchise in 2007. We've got all the details on this California small business loan.

SBA Loan Borrower

KUMON MATH & READING CENTER OF
LOS GATOS, CA 95032

SBA Loan Lender

KEYPOINT CU
2805 BOWERS AVE
SANTA CLARA, CA 95051

This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611691 - Exam Preparation and Tutoring

Loan Approval Date

2/27/2007

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $114,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Kumon Math And Reading Center franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Kumon Math & Reading Centers

Role of Business Plan When Raising Money

SBA 7A Banks for Santa Clara, California Loans

Getting an SBA Loan in California