New Hampshire Entrepreneur Secures Financing to Buy Goddard Early Learning Center Franchise

Borrowing money to buy a Goddard Early Learning Center franchise? Centrix Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Goddard Early Learning Center franchise loans are available to Nashua, New Hampshire entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Centrix Bank & Trust, based in Bedford, New Hampshire, issued an SBA franchise loan for a Goddard Early Learning Center franchise in 2002. We've got all the details on this New Hampshire small business loan.

SBA Loan Borrower

GODDARD SCHOOL
NASHUA, NH 03063

SBA Loan Lender

CENTRIX BANK & TRUST
1 ATWOOD LN
BEDFORD, NH 03110

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

3/19/2002

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

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

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Centrix Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

SBIR Funding

SBA Approved Banks in Bedford, New Hampshire

New Hampshire SBA 7A Lenders