Loan Census Banking News and Information
April 19, 2024  
 
 
  Business Loan Information  
 

The Bank Small Business Franchise Loan

 

 
Loan Census SBA Loan Info

Sicklerville, NJ Entrepreneur Gets SBA Loan to Buy Goddard Early Learning Center Franchise

Need money to purchase a Goddard Early Learning Center franchise? The Bank has a history of making these loans and they are guaranteed by the SBA.

Goddard Early Learning Center franchise loans are available to Sicklerville, New Jersey entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Bank, based in Woodbury, New Jersey, issued an SBA franchise loan for a Goddard Early Learning Center franchise in 2007. We've got all the details on this New Jersey small business loan.

SBA Loan Borrower

GSS CHILDCARE, INC
Sicklerville, NJ 08081

SBA Loan Lender

THE BANK
100 PARK AVE
WOODBURY, NJ 08096

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

6/24/2007

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Goddard Early Learning Center franchise. At the time of the loan, the company had 24 employees. The SBA loan application for the borrower indicated that the loan would help retain 24 existing jobs.

Getting an SBA Loan For Your Business

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Investor Turnoffs

Good Banks for Small Business in Woodbury, New Jersey

New Jersey SBA 7A Banks