Tulsa, OK Entrepreneur Gets SBA Loan to Buy Goddard Early Learning Center Franchise

Borrowing money to invest in a Goddard Early Learning Center franchise? Spiritbank has a history of making these loans and they are guaranteed by the SBA.

If you live near Tulsa, Oklahoma and are interested in buying a Goddard Early Learning Center franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Spiritbank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

THE GODDARD SCHOOL
10621 S. 91ST. EAST AVENUE
TULSA, OK 74133

SBA Loan Lender

SPIRITBANK
4815 S HARVARD
TULSA, OK 74135

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

10/24/2006

Loan Approval Gross Amount

$471,000

Loan Approval from the SBA

Of the total $471,000 loan amount, the SBA guaranteed $353,250.

More Information on This SBA Loan

The borrower, The Goddard School, borrowed this money for a new business. This loan was used to buy a Goddard Early Learning Center franchise. At the time of the loan, the company had 30 employees. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Spiritbank 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 SBA loan database.

Related Links:

Dealing With Venture Capitalists

Small Business Banks in Tulsa, Oklahoma

SBA Oklahoma Banks

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