Wilmington, DE Entrepreneur Gets SBA Loan to Buy Oxford Academy Franchise

Borrowing money to purchase an Oxford Academy franchise? Wilmington Trust Company has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Wilmington, Delaware needed money to invest in an Oxford Academy franchise back in 2001. Wilmington Trust Company issued an SBA franchise loan. Here are the details on this Delaware small business loan.

SBA Loan Borrower

DE. EDUCATIONAL SERVICES, LLC
WILMINGTON, DE 19808

SBA Loan Lender

WILMINGTON TRUST COMPANY
1100 N MARKET ST, RODNEY SQ N
WILMINGTON, DE 19890

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

NAICS Code

611699 - Schools and Instruction

Loan Approval Date

2/2/2001

Loan Approval Gross Amount

$82,000

Loan Approval from the SBA

Of the total $82,000 loan amount, the SBA guaranteed $69,700.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Oxford Academy franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Wilmington Trust Company and they will explain how you can get an SBA loan for your company.

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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