Austin, TX Entrepreneur Gets SBA Loan to Buy Huntington Learning Center Franchise

Borrowing money to invest in a Huntington Learning Center franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Huntington Learning Center franchise? If so, here's a 2007 SBA franchise loan that you should know about. Pnc Bank, National Association was the lender and the entrepreneur was based in Austin, Texas.

SBA Loan Borrower

Tools to Grow! GP LLC
15817 Double Eagle Dr
AUSTIN, TX 78717

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
8800 TINICUM BLVD, 1ST FL, MA
PHILADELPHIA, PA 19153

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

611699 - All Other Miscellaneous Schools and Instruction

Loan Approval Date

5/16/2007

Loan Approval Gross Amount

$256,000

Loan Approval from the SBA

Of the total $256,000 loan amount, the SBA guaranteed $192,000.

More Information on This SBA Loan

The borrower, Tools To Grow! Gp LLC, borrowed this money for an existing business. This loan was used to buy a Huntington Learning Center franchise. At the time of the loan, the company had 20 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Tools To Grow! Gp LLC is able to get a $256,000 loan, why not give getting an SBA loan of your own a try?

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Huntington Learning Center, Inc.

Getting a Small Business Loan

Where to Get an SBA Loan in Philadelphia, Pennsylvania

Pennsylvania SBA 7A Lenders

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