Loan to Buy Huntington Learning Center Franchise Issued By Missouri Bank & Trust Co.

Need a loan to invest in a Huntington Learning Center franchise? Missouri Bank & Trust Co. has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Overland Park, Kansas needed money to invest in a Huntington Learning Center franchise back in 2004. Missouri Bank & Trust Co. issued an SBA franchise loan. Here are the details on this Kansas small business loan.

SBA Loan Borrower

HUNTINGTON LEARNING CENTER
OVERLAND PARK, KS 66213

SBA Loan Lender

MISSOURI BANK & TRUST CO.
1044 MAIN ST
KANSAS CITY, MO 64105

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

611110 - Elementary and Secondary Schools

Loan Approval Date

4/27/2004

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $7,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Huntington Learning Center franchise. At the time of the loan, the company had 15 employees. The SBA loan documents indicated that the funding would help create 15 new jobs.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We can help you find the best banks for small businesses in Overland Park or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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