U.S. Bank National Association Provides SBA Loan to Buy Huntington Learning Center Franchise

Borrowing money to invest in a Huntington Learning Center franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in St. Charles, Missouri needed money to invest in a Huntington Learning Center franchise back in 2004. U.S. Bank National Association issued an SBA franchise loan. Here are the details on this Missouri small business loan.

SBA Loan Borrower

HUNTINGTON LEARNING CENTER
ST. CHARLES, MO 63304

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

611699 - Schools and Instruction

Loan Approval Date

8/20/2004

Loan Approval Gross Amount

$116,700

Loan Approval from the SBA

Of the total $116,700 loan amount, the SBA guaranteed $58,350.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Huntington Learning Center franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 8 existing jobs.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

We've showcased information on this loan to let you know that businesses like yours 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.

Related Links:

Huntington Learning Center, Inc.

Microlending as a Small Business Funding Source

Banks in Cincinnati, Ohio

Ohio SBA Banks