Ripon, CA Entrepreneur Gets SBA Loan to Buy Sylvan Learning Center Franchise
Need money to purchase a Sylvan Learning Center franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Ripon, California needed money to invest in a Sylvan Learning Center franchise back in 2002. Cit Small Business Lending Corp issued an SBA franchise loan. Here are the details on this California small business loan.
SBA Loan Borrower
SYLVAN LEARNING CENTER
RIPON, CA 95366
SBA Loan Lender
CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
611710 - Educational Support Services
Loan Approval Date
12/17/2002
Loan Approval Gross Amount
$199,500
Loan Approval from the SBA
Of the total $199,500 loan amount, the SBA guaranteed $149,625.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Sylvan Learning Center franchise. At the time of the loan, the company
had 18 employees. The SBA loan application for the borrower indicated that the loan would help generate 18 new jobs.
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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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