Pnc Bank, National Association Provides SBA Loan to Buy Sylvan Learning Center Franchise

Need money to purchase a Sylvan Learning Center franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Waco, Texas needed money to invest in a Sylvan Learning Center franchise back in 2007. Pnc Bank, National Association issued an SBA franchise loan. Here are the details on this Texas small business loan.

SBA Loan Borrower

TRINITY M, LLC
WACO, TX 76710

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
8800 TINICUM BLVD, 1ST FL, MA
PHILADELPHIA, PA 19153

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611699 - Schools and Instruction

Loan Approval Date

3/1/2007

Loan Approval Gross Amount

$1,688,700

Loan Approval from the SBA

Of the total $1,688,700 loan amount, the SBA guaranteed $1,266,525.

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 only one employee. The SBA loan documents indicated that the loan would help generate 65 new jobs and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

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

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,688,700 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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

The Art of Bootstrapping

Banks in Philadelphia, Pennsylvania

Getting an SBA Loan in Pennsylvania