SBA lending record
Erudite Learning Center, Inc.
2720 Aborn Rd, San Jose, CA 95121 · Educational Support Services. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$100K
Total SBA financing
1
Loan on record
FY2024
On record
8
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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The loan
$100,000 — FY2024
- Gross approval
- $100,000
- SBA guaranteed
- $85,000 (85%)
- Status
- Charged off (failed)
- Rate at approval
- 11.25% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 2/8/2024
- First disbursement
- 2/29/2024
- Days to fund
- 21 days
- Charged off
- 5/12/2025
- Charge-off amount
- $97,485
The lender
Mortgage Capital Development Corporation
1 loan to this businessFull lending record on the lender page.
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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with Erudite Learning Center, Inc..