Loan Census Banking News and Information
April 24, 2024  
 
 
  Business Loan Information  
 

New Jersey Small Business Funding for Franchises

 

 
Loan Census SBA Loan Info

Loan to Buy Edvista Learning Centers Franchise Issued By Columbia Bank

Borrowing money to purchase an Edvista Learning Centers franchise? Columbia Bank has a history of making these loans and they are guaranteed by the SBA.

Edvista Learning Centers franchise loans are available to Mount Laurel, New Jersey entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Columbia Bank, based in Paramus, New Jersey, issued an SBA franchise loan for an Edvista Learning Centers franchise in 2005. We've got all the details on this New Jersey small business loan.

SBA Loan Borrower

EDVISTA LEARNING CENTER OF MOU
MOUNT LAUREL, NJ 08054

SBA Loan Lender

COLUMBIA BANK
RTE 4 EAST, STE 304, BERGEN M
PARAMUS, NJ 07652

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611710 - Educational Support Services

Loan Approval Date

8/17/2005

Loan Approval Gross Amount

$121,000

Loan Approval from the SBA

Of the total $121,000 loan amount, the SBA guaranteed $102,850.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Edvista Learning Centers franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Edvista Learning Centers

A Company That Helps Entrepreneurs

Where to Get an SBA Loan in Paramus, New Jersey

SBA Lenders in New Jersey