Spokane, WA Entrepreneur Gets SBA Loan to Buy Huntington Learning Center Franchise

Need money to invest in a Huntington Learning Center franchise? State Bank Northwest has a history of making these loans and they are guaranteed by the SBA.

Huntington Learning Center franchise loans are available to Spokane, Washington entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, State Bank Northwest, based in Spokane, Washington, issued an SBA franchise loan for a Huntington Learning Center franchise in 2001. We've got all the details on this Washington small business loan.

SBA Loan Borrower

HUNTINGTON LEARNING CENTER
SPOKANE, WA 99216

SBA Loan Lender

STATE BANK NORTHWEST
9727 N NEVADA ST
SPOKANE, WA 99218

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611691 - Exam Preparation and Tutoring

Loan Approval Date

6/5/2001

Loan Approval Gross Amount

$149,300

Loan Approval from the SBA

Of the total $149,300 loan amount, the SBA guaranteed $126,905.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Huntington Learning Center franchise. At the time of the loan, the company had 18 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We can help you find the best banks for small businesses in Spokane or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Huntington Learning Center, Inc.

Banking Deregulation's Effects on Entrepreneurship

Good Banks for Small Business in Spokane, Washington

Getting a Business Loan in Washington