Wells Fargo Bank Provides SBA Loan to Buy Sylvan Learning Center Franchise

Borrowing money to buy a Sylvan Learning Center franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Sylvan Learning Center franchise loans are available to Shelby, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in San Jose, California, issued an SBA franchise loan for a Sylvan Learning Center franchise in 2006. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

DEVELOPING TOGETHER LLC
SHELBY, NC 28150

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

This SBA small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

611691 - Exam Preparation and Tutoring

Loan Approval Date

8/15/2006

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 Sylvan Learning Center franchise. At the time of the loan, the company had 56 employees. The SBA loan application for the borrower indicated that the loan would help retain 56 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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

Direct Public Offerings

Who Lends Money to Small Businesses in San Jose, California

California SBA Banks