Indiana Entrepreneur Secures Financing to Buy Huntington Learning Center Franchise

Borrowing money to buy a Huntington Learning Center franchise? Old National Bank has a history of making these loans and they are guaranteed by the SBA.

Huntington Learning Center franchise loans are available to Bloomington, Indiana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Old National Bank, based in Evansville, Indiana, issued an SBA franchise loan for a Huntington Learning Center franchise in 2001. We've got all the details on this Indiana small business loan.

SBA Loan Borrower

HUNTINGTON LEARNING CENTER
BLOOMINGTON, IN 47401

SBA Loan Lender

OLD NATIONAL BANK
ONE MAIN ST
EVANSVILLE, IN 47708

This lender issued this particular 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

8299 - Schools and Educational Services

NAICS Code

611691 - Exam Preparation and Tutoring

Loan Approval Date

4/13/2001

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Huntington Learning Center franchise. At the time of the loan, the company had 34 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Old National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Huntington Learning Center, Inc.

Microlending as a Small Business Funding Source

Best Evansville, Indiana Banks for Small Business

SBA Lenders in Indiana