Loan to Buy Huntington Learning Center Franchise Issued By Rbs Citizens

Need a loan to purchase a Huntington Learning Center franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Huntington Learning Center franchise is doable. In 2002, Rbs Citizens issued an SBA franchise loan to an entrepreneur in Newark, Delaware. Because Huntington Learning Center was registered with the SBA's registry of franchises, this Delaware small business loan was issued on an expedited basis.

SBA Loan Borrower

SCHOLASTIC IMPROVEMENT SERVICE
NEWARK, DE 19711

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903

The lender provided this SBA small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

611710 - Educational Support Services

Loan Approval Date

8/30/2002

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $17,500.

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 30 employees. The loan application indicated that the loan would help retain 30 existing jobs.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Newark DE, you ought to talk with a local Newark SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Newark businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Rbs Citizens that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

A Company That Helps Entrepreneurs

SBA 7A Banks in Providence, Rhode Island

Rhode Island SBA 7A Banks