Borrow Money to Buy a Goddard Early Learning Center Franchise

Need a loan to purchase a Goddard Early Learning Center franchise? American Enterprise Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Schaumburg, Illinois needed money to invest in a Goddard Early Learning Center franchise back in 2002. American Enterprise Bank issued an SBA franchise loan. Here are the details on this Illinois small business loan.

SBA Loan Borrower

THE GODDARD SCHOOL
SCHAUMBURG, IL 60173

SBA Loan Lender

AMERICAN ENTERPRISE BANK
275 ROSELLE RD
SCHAUMBURG, IL 60193

This lender issued this debt financing under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

12/19/2002

Loan Approval Gross Amount

$1,447,894

Loan Approval from the SBA

Of the total $1,447,894 loan amount, the SBA guaranteed $999,987.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Goddard Early Learning Center franchise. At the time of the loan, the company had 20 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees.

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

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. American Enterprise Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, American Enterprise Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

The Friends and Family Network

SBA 7A Banks in Schaumburg, Illinois

SBA Lenders in Illinois