California Entrepreneur Secures Financing to Buy Tutor Time Franchise

Borrowing money to buy a Tutor Time franchise? Wilshire State Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Tutor Time franchise? If so, here's a 2000 SBA franchise loan that you should know about. Wilshire State Bank was the lender and the entrepreneur was based in Buena Park, California.

SBA Loan Borrower

FUTURE EDUCATION COM INC / TUT
BUENA PARK, CA 90621

SBA Loan Lender

WILSHIRE STATE BANK
3200 WILSHIRE BLVD
LOS ANGELES, CA 90010

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8351 - Child Day Care Services

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

8/30/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

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 loan application indicated that the loan would help generate 20 new jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Buena Park CA, you ought to talk with a local Buena Park SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Buena Park businesses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? 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

Alternative Financing

SBA Approved Banks in Los Angeles, California

Getting a Business Loan in California