New Hartford (census Name For, CT Entrepreneur Gets SBA Loan to Buy Tutor Doctor Franchise

Borrowing money to buy a Tutor Doctor franchise? Newtown Savings Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Tutor Doctor franchise is doable. In 2005, Newtown Savings Bank issued an SBA franchise loan to an entrepreneur in New Hartford (census Name For, Connecticut. Because Tutor Doctor was registered with the SBA's registry of franchises, this Connecticut small business loan was issued on an expedited basis.

SBA Loan Borrower

ARTEMIS EDUCATION GROUP LLC
NEW HARTFORD (CENSUS NAME FOR, CT 06776

SBA Loan Lender

NEWTOWN SAVINGS BANK
39 MAIN ST
NEWTOWN, CT 06470

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

611691 - Exam Preparation and Tutoring

Loan Approval Date

7/20/2005

Loan Approval Gross Amount

$42,000

Loan Approval from the SBA

Of the total $42,000 loan amount, the SBA guaranteed $21,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Tutor Doctor franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

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

If you are wondering how to raise money for a company in New Hartford (census Name For CT, you ought to talk with a local New Hartford (census Name For SBA lender or talk with an out-of-area SBA lender that has previously loaned money to New Hartford (census Name For businesses.

This SBA loan was for $42,000. How would you spend $42,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Family and Friend Investors - Your First Financiers

Good Banks for Small Business in Newtown, Connecticut

Getting an SBA Loan in Connecticut