San Marcos, TX Entrepreneur Gets SBA Loan to Buy Sylvan Learning Center Franchise

Need a loan to buy a Sylvan Learning Center franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in San Marcos, Texas needed money to invest in a Sylvan Learning Center franchise back in 2007. Pnc Bank, National Association issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

APPLECART ENTERPRISES INC DBA SYLVAN LEARN
SAN MARCOS, TX 78666

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
8800 TINICUM BLVD, 1ST FL, MA
PHILADELPHIA, PA 19153

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611710 - Educational Support Services

Loan Approval Date

6/27/2007

Loan Approval Gross Amount

$251,000

Loan Approval from the SBA

Of the total $251,000 loan amount, the SBA guaranteed $188,250.

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 2 employees. The loan application indicated that the loan would help generate 14 new jobs and retain 14 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Pnc Bank, National Association are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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

Find Start-Up Capital

Small Business Banks in Philadelphia, Pennsylvania

Getting an SBA Loan in Pennsylvania