Haven Trust Bank Provides SBA Loan to Buy Tutor Time Franchise

Borrowing money to buy a Tutor Time franchise? Haven Trust 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 2005 SBA franchise loan that you should know about. Haven Trust Bank was the lender and the entrepreneur was based in Smyrna, Georgia.

SBA Loan Borrower

TUTOR TIME
SMYRNA, GA 30080

SBA Loan Lender

HAVEN TRUST BANK
6340 SUGARLOAF PKWY, STE 100
DULUTH, GA 30097

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624110 - Child and Youth Services

Loan Approval Date

3/15/2005

Loan Approval Gross Amount

$325,000

Loan Approval from the SBA

Of the total $325,000 loan amount, the SBA guaranteed $243,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Tutor Time franchise. At the time of the loan, the company had 16 employees. The SBA loan application for the borrower indicated that the loan would help retain 16 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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

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Good Banks for Small Business in Duluth, Georgia

Getting an SBA Loan in Georgia