Loan to Buy Sylvan Learning Center Franchise Issued By Century National Bank

Need money to invest in a Sylvan Learning Center franchise? Century National Bank has a history of making these loans and they are guaranteed by the SBA.

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

SBA Loan Borrower

SYLVAN LEARNING CENTER
ZANESVILLE, OH 43701

SBA Loan Lender

CENTURY NATIONAL BANK
14 S FIFTH ST
ZANESVILLE, OH 43701

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611710 - Educational Support Services

Loan Approval Date

11/6/2007

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

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 25 employees. The SBA loan application for the borrower indicated that the loan would help retain 25 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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.

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