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April 26, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Meridian, Business Loans > Syringa Bank Meridian Business Loans > New Horizons Computer Learning Loan | ||||
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How Can I Buy a Franchise in Boise, Idaho?
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Idaho Entrepreneur Secures Financing to Buy New Horizon Computer Learning Center FranchiseNeed money to purchase a New Horizon Computer Learning Center franchise? Syringa Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Boise, Idaho needed money to invest in a New Horizon Computer Learning Center franchise back in 2003. Syringa Bank issued an SBA franchise loan. Here are the details on this Idaho small business loan. SBA Loan Borrower NEW HORIZONS COMPUTER LEARNING SBA Loan Lender SYRINGA BANK This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8243 - Data Processing Schools NAICS Code 611420 - Computer Training Loan Approval Date 3/26/2003 Loan Approval Gross Amount $440,000 Loan Approval from the SBA Of the total $440,000 loan amount, the SBA guaranteed $330,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a New Horizon Computer Learning Center franchise. At the time of the loan, the company had 22 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This SBA loan was for $440,000. How would you spend $440,000 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. Good Banks for Small Business in Meridian, Idaho SBA Participating Banks in Idaho
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