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November 25, 2024  
 
 
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Olathe, KS Entrepreneur Gets SBA Loan to Buy Goddard Early Learning Center Franchise

Borrowing money to purchase a Goddard Early Learning Center franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Olathe, Kansas needed money to invest in a Goddard Early Learning Center franchise back in 2000. Bank Of America issued an SBA franchise loan. Here are the details on this Kansas small business loan.

SBA Loan Borrower

THE GODDARD SCHOOL
OLATHE, KS 66062

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8351 - Child Day Care Services

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

5/17/2000

Loan Approval Gross Amount

$167,100

Loan Approval from the SBA

Of the total $167,100 loan amount, the SBA guaranteed $125,325.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Goddard Early Learning Center franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 24 new jobs.

Getting an SBA Loan For Your Business

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

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $167,100 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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