Kansas Entrepreneur Secures Financing to Buy New Horizon Computer Learning Center Franchise

Borrowing money to invest in a New Horizon Computer Learning Center franchise? Bank Of Belton has a history of making these loans and they are guaranteed by the SBA.

New Horizon Computer Learning Center franchise loans are available to Overland Park, Kansas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of Belton, based in Belton, Missouri, issued an SBA franchise loan for a New Horizon Computer Learning Center franchise in 2005. We've got all the details on this Kansas small business loan.

SBA Loan Borrower

NEW HORIZONS OF KANSAS CITY
OVERLAND PARK, KS 66212

SBA Loan Lender

BANK OF BELTON
204 MAIN ST
BELTON, MO 64012

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

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

12/13/2005

Loan Approval Gross Amount

$1,350,000

Loan Approval from the SBA

Of the total $1,350,000 loan amount, the SBA guaranteed $1,012,500.

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 20 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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.

Dealing With Venture Capitalists

Banks in Belton, Missouri

SBA Missouri Banks