Textron Business Credit, Inc. Provides SBA Loan to Buy Tutor Time Franchise

Borrowing money to buy a Tutor Time franchise? Textron Business Credit, Inc. has a history of making these loans and they are guaranteed by the SBA.

Tutor Time franchise loans are available to Brick Town (local Name Laurelt, New Jersey entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Textron Business Credit, Inc., based in Providence, Rhode Island, issued an SBA franchise loan for a Tutor Time franchise in 2001. We've got all the details on this New Jersey small business loan.

SBA Loan Borrower

LEARNING BLOCK ACADEMY,INC.
BRICK TOWN (LOCAL NAME LAURELT, NJ 08723

SBA Loan Lender

TEXTRON BUSINESS CREDIT, INC.
40 WESTMINISTER ST
PROVIDENCE, RI 02903

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

5/1/2001

Loan Approval Gross Amount

$175,000

Loan Approval from the SBA

Of the total $175,000 loan amount, the SBA guaranteed $131,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Tutor Time franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the funding would help generate 3 new jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Tutor Time Learning Centers, LLC

The Art of Bootstrapping

Good Banks for Small Business in Providence, Rhode Island

SBA Rhode Island Lenders