Pennsylvania Entrepreneur Secures Financing to Buy Tutor Time Franchise

Borrowing money to invest in a Tutor Time franchise? Manufacturers & Traders Trust has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Kingston, Pennsylvania needed money to invest in a Tutor Time franchise back in 2005. Manufacturers & Traders Trust issued an SBA franchise loan. Here are the details on this Pennsylvania small business loan.

SBA Loan Borrower

TUTORING CLUB
KINGSTON, PA 18704

SBA Loan Lender

MANUFACTURERS & TRADERS TRUST
4925 MAIN ST
AMHERST, NY 14226

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611691 - Exam Preparation and Tutoring

Loan Approval Date

2/4/2005

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

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 3 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

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

If you need money to start business in Kingston PA, you ought to talk with a local Kingston SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Kingston businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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

Obtaining Funding - Getting Venture Capital

Small Business Banks in Amherst, New York

Find an SBA Lender in New York