Missouri Entrepreneur Secures Financing to Buy Goddard Early Learning Center Franchise

Borrowing money to invest in a Goddard Early Learning Center franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Springfield, Missouri needed money to invest in a Goddard Early Learning Center franchise back in 2004. Cit Small Business Lending Corp issued an SBA franchise loan. Here are the details on this Missouri small business loan.

SBA Loan Borrower

THE GODDARD SCHOOL
SPRINGFIELD, MO 65810

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8351 - Child Day Care Services

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

5/7/2004

Loan Approval Gross Amount

$353,000

Loan Approval from the SBA

Of the total $353,000 loan amount, the SBA guaranteed $264,750.

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 15 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to find other ways to get money to start a business, 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.

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