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.

Sylvan Learning Center franchise loans are available to Zanesville, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Century National Bank, based in Zanesville, Ohio, issued an SBA franchise loan for a Sylvan Learning Center franchise in 2003. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

SYLVAN LEARNING CENTER
ZANESVILLE, OH 43701

SBA Loan Lender

CENTURY NATIONAL BANK
505 MARKET ST
ZANESVILLE, OH 43701

This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8748 - Business Consulting Services

NAICS Code

611710 - Educational Support Services

Loan Approval Date

6/2/2003

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

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 20 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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