Business Lenders, LLC Provides SBA Loan to Buy Sylvan Learning Center Franchise
Borrowing money to invest in a Sylvan Learning Center franchise? Business Lenders, LLC has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Sylvan Learning Center franchise? If so, here's a 2007 SBA franchise loan that you should know about. Business Lenders, LLC was the lender and the entrepreneur was based in Harvey, Louisiana.
SBA Loan Borrower
B SHOPGIRL LLC AS AN EPC FOR R
HARVEY, LA 70058
SBA Loan Lender
BUSINESS LENDERS, LLC
50 STATE HOUSE SQUARE 5TH FL
HARTFORD, CT 06103
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
611691 - Exam Preparation and Tutoring
Loan Approval Date
10/19/2007
Loan Approval Gross Amount
$933,000
Loan Approval from the SBA
Of the total $933,000 loan amount, the SBA guaranteed $699,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was used to buy a Sylvan Learning Center franchise. At the time of the loan, the company
had 22 employees. The SBA loan application for the borrower indicated that the loan would help retain 22 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:
Sylvan Learning Center
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