Loan to Buy New Horizon Computer Learning Center Franchise Issued By The National Bank

Need a loan to invest in a New Horizon Computer Learning Center franchise? The National Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a New Horizon Computer Learning Center franchise is doable. In 2005, The National Bank issued an SBA franchise loan to an entrepreneur in Davenport, Iowa. Because New Horizon Computer Learning Center was registered with the SBA's registry of franchises, this Iowa small business loan was issued on an expedited basis.

SBA Loan Borrower

TRAINNOVATIONS,LLC
DAVENPORT, IA 52807

SBA Loan Lender

THE NATIONAL BANK
2322 E KIMBERLY RD
DAVENPORT, IA 52807

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611420 - Computer Training

Loan Approval Date

8/22/2005

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $93,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a New Horizon Computer Learning Center franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

This SBA loan was for $110,000. How would you spend $110,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

New Horizons Computer Learning Centers, Inc.

Small Business Credit Cards

SBA 7A Banks in Davenport, Iowa

SBA Participating Banks in Iowa