North Kingstown (local Name Wi, RI Entrepreneur Gets SBA Loan to Buy Learning Express Franchise

Borrowing money to purchase a Learning Express franchise? Coastway Cu has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Learning Express franchise? If so, here's a 2005 SBA franchise loan that you should know about. Coastway Cu was the lender and the entrepreneur was based in North Kingstown (local Name Wi, Rhode Island.

SBA Loan Borrower

LEARNING EXPRESS
NORTH KINGSTOWN (LOCAL NAME WI, RI 02852

SBA Loan Lender

COASTWAY CU
25 LOVELL AVE
CRANSTON, RI 02920

This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

7/29/2005

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Learning Express franchise. At the time of the loan, the company had 20 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

This SBA loan was for $50,000. How would you spend $50,000 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:

Learning Express Toys

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SBA 7A Banks in Cranston, Rhode Island

SBA Participating Banks in Rhode Island