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March 28, 2024  
 
 
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Advice for Borrowing Money to Buy a Franchise

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Huntington Learning Center Franchise

Borrowing money to buy a Huntington Learning Center franchise? Preferred Capital Bidco, Inc. has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Chester Springs, Pennsylvania needed money to invest in a Huntington Learning Center franchise back in 2007. Preferred Capital Bidco, Inc. issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

HUNTINGTON LEARNING CENTER
CHESTER SPRINGS, PA 19425

SBA Loan Lender

PREFERRED CAPITAL BIDCO, INC.
300 DELAWARE AVENUE, SUITE 13
WILMINGTON, DE 19801

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611710 - Educational Support Services

Loan Approval Date

2/28/2007

Loan Approval Gross Amount

$415,000

Loan Approval from the SBA

Of the total $415,000 loan amount, the SBA guaranteed $311,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Huntington Learning Center franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

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

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

Role of Business Plan When Raising Money

SBA Banks in Wilmington, Delaware

Delaware SBA 7A Banks