Loan to Buy Huntington Learning Center Franchise Issued By Manufacturers & Traders Trust

Need a loan to buy a Huntington Learning Center franchise? Manufacturers & Traders Trust has a history of making these loans and they are guaranteed by the SBA.

Huntington Learning Center franchise loans are available to Pasadena, Maryland entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Manufacturers & Traders Trust, based in Baltimore, Maryland, issued an SBA franchise loan for a Huntington Learning Center franchise in 2002. We've got all the details on this Maryland small business loan.

SBA Loan Borrower

HUNTINGTON LEARNING CENTER
PASADENA, MD 21122

SBA Loan Lender

MANUFACTURERS & TRADERS TRUST
25 S CHARLES ST
BALTIMORE, MD 21201

The lender provided this 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

1/22/2002

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 Huntington Learning Center franchise. At the time of the loan, the company had 28 employees. The loan application indicated that the loan would help retain 28 existing jobs.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Manufacturers & Traders Trust 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.

Bank Credit Lines

SBA Banks in Baltimore, Maryland

Maryland SBA 7A Lenders