New Jersey Entrepreneur Secures Financing to Buy Sylvan Learning Center Franchise

Need a loan 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.

Sylvan Learning Center franchise loans are available to Rutherford, New Jersey entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cit Small Business Lending Corp, based in Livingston, New Jersey, issued an SBA franchise loan for a Sylvan Learning Center franchise in 2004. We've got all the details on this New Jersey small business loan.

SBA Loan Borrower

SYLVAN LEARNING CENTER
RUTHERFORD, NJ 07070

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

611691 - Exam Preparation and Tutoring

Loan Approval Date

6/22/2004

Loan Approval Gross Amount

$223,300

Loan Approval from the SBA

Of the total $223,300 loan amount, the SBA guaranteed $167,475.

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 10 employees. This SBA loan request indicated that the funding would help generate 10 new jobs.

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

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Sylvan Learning Center

Realistic Debt Financing Options

SBA 7A Banks in Livingston, New Jersey

Where to Get an SBA Loan New Jersey