Loan to Buy Sylvan Learning Center Franchise Issued By Ncb, Fsb

Need money to buy a Sylvan Learning Center franchise? Ncb, Fsb has a history of making these loans and they are guaranteed by the SBA.

Sylvan Learning Center franchise loans are available to Naples, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Ncb, Fsb, based in Hillsboro, Ohio, issued an SBA franchise loan for a Sylvan Learning Center franchise in 2001. We've got all the details on this Florida small business loan.

SBA Loan Borrower

SYLVAN LEARNING CENTER
NAPLES, FL 34109

SBA Loan Lender

NCB, FSB
139 S HIGH ST
HILLSBORO, OH 45133

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

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

10/18/2001

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

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 7 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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

Business Credit Evaluation

SBA 7A Banks for Hillsboro, Ohio Loans

Where to Get an SBA Loan Ohio