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April 26, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Reeds Spring, Business Loans > Great Southern Bank Reeds Spring Business Loans > New Horizons Computer Learning Loan | ||||
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Tips for Financing a Franchise
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Borrow Money to Buy a New Horizon Computer Learning Center FranchiseBorrowing money to invest in a New Horizon Computer Learning Center franchise? Great Southern Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a New Horizon Computer Learning Center franchise shouldn't be too tough. In 2004, Great Southern Bank issued an SBA franchise loan to an entrepreneur in Springfield, Missouri. Because New Horizon Computer Learning Center was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis. SBA Loan Borrower NEW HORIZONS COMPUTER LEARNING SBA Loan Lender GREAT SOUTHERN BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to to our country's hard-working small business owners. 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 8/30/2004 Loan Approval Gross Amount $600,000 Loan Approval from the SBA Of the total $600,000 loan amount, the SBA guaranteed $450,000. 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 10 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Great Southern Bank and they will explain how you can get an SBA loan for your company. 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. Role of Business Plan When Raising Money Best Banks for Small Business in Reeds Spring, Missouri
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