Loan to Buy Sylvan Learning Center Franchise Issued By Washington Tr Co - Westerly

Need a loan to purchase a Sylvan Learning Center franchise? Washington Tr Co - Westerly has a history of making these loans and they are guaranteed by the SBA.

Sylvan Learning Center franchise loans are available to Wakefield, Rhode Island entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Washington Tr Co - Westerly, based in Westerly, Rhode Island, issued an SBA franchise loan for a Sylvan Learning Center franchise in 2003. We've got all the details on this Rhode Island small business loan.

SBA Loan Borrower

OCEAN STATE LEARNING SYSTEMS I
WAKEFIELD, RI 02879

SBA Loan Lender

WASHINGTON TR CO - WESTERLY
23 BROAD ST
WESTERLY, RI 02891

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

3/5/2003

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $17,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sylvan Learning Center franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 12 new jobs and retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $35,000 loan. Remember, if it to be, it is up to me!

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

Microlending as a Small Business Funding Source

SBA Banks in Westerly, Rhode Island

SBA Rhode Island Banks