Buying a Huntington Learning Center franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 13 7(a) loans to buy an existing Huntington Learning Center (classified mostly as Exam Preparation and Tutoring), totaling $6.1M. The median loan was $300,000, 54% lower than the $645,250 median for all SBA-financed acquisitions. 2 of these loans were approved in the last two fiscal years.
The purchase agreement decides what you bought, not the loan approval.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Huntington Learning Center resale loans landed between $220,000 and $654,000.
- Lender experience exists. Univest Bank and Trust Co alone has financed 1 Huntington Learning Center resales.
- Guaranty. The SBA guaranteed 76% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Huntington Learning Center resale
The median SBA 7(a) loan for a Huntington Learning Center resale was $300,000 across 13 loans (FY2018 to FY2026). Univest Bank and Trust Co, Gulf Coast Bank and Trust Company and Heritage Bank Inc have financed the most Huntington Learning Center resales. Too few of these loans are old enough to measure a charge-off rate; the average for all SBA acquisition loans is 3.5%.
Huntington Learning Center acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $452K | $226,000 | |
| FY2019 | 2 | $1.8M | $915,000 | |
| FY2020 | 1 | $220K | $220,000 | |
| FY2021 | 1 | $300K | $300,000 | |
| FY2022 | 2 | $874K | $437,000 | |
| FY2023 | 2 | $1.1M | $525,000 | |
| FY2024 | 1 | $720K | $720,000 | |
| FY2025 | 2 | $638K | $319,000 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Huntington Learning Center acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Terms signed in the LOI shape the purchase agreement that follows.
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Lenders financing Huntington Learning Center resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Univest Bank and Trust Co | 1 | 7.7% | $1.6M | |
| 2 | Gulf Coast Bank and Trust Company | 1 | 7.7% | $730K | |
| 3 | Heritage Bank Inc | 1 | 7.7% | $720K | |
| 4 | Byline Bank | 1 | 7.7% | $654K | |
| 5 | United FCU | 1 | 7.7% | $433K | |
| 6 | Hancock Whitney Bank | 1 | 7.7% | $320K | |
| 7 | First Interstate Bank | 1 | 7.7% | $300K | |
| 8 | Wilmington Savings Fund Society FSB | 1 | 7.7% | $252K | |
| 9 | BayFirst National Bank | 1 | 7.7% | $220K | |
| 10 | The Huntington National Bank | 1 | 7.7% | $220K |
States where Huntington Learning Center units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | New York | 2 | 15.4% | $940K | |
| 2 | Florida | 2 | 15.4% | $638K | |
| 3 | New Jersey | 1 | 7.7% | $1.6M | |
| 4 | California | 1 | 7.7% | $720K | |
| 5 | Illinois | 1 | 7.7% | $654K | |
| 6 | Mississippi | 1 | 7.7% | $320K | |
| 7 | Montana | 1 | 7.7% | $300K | |
| 8 | Pennsylvania | 1 | 7.7% | $252K | |
| 9 | Delaware | 1 | 7.7% | $220K | |
| 10 | Georgia | 1 | 7.7% | $220K |
Seller note standby terms and third-party consents are reviewed before closing.
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How lenders classify Huntington Learning Center
Lenders code each loan to a NAICS industry. For Huntington Learning Center the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Exam Preparation and Tutoring | 9 | 69.2% | $4.6M | |
| 2 | All Other Miscellaneous Schools and Instruction | 2 | 15.4% | $950K | |
| 3 | Educational Support Services | 2 | 15.4% | $520K |
Questions buyers ask
How much do buyers borrow to buy a Huntington Learning Center franchise?
The median SBA 7(a) loan for a Huntington Learning Center resale was $300,000 across 13 loans (FY2018 to FY2026). The middle half of loans ran from $220,000 to $654,000. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Huntington Learning Center acquisitions?
Univest Bank and Trust Co has made the most SBA acquisition loans for Huntington Learning Center (1, 8% of the total). Gulf Coast Bank and Trust Company, Heritage Bank Inc, Byline Bank follow.
What interest rate and term do Huntington Learning Center acquisition loans carry?
The average initial rate at approval was 7.73% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 10 years.
Is a Huntington Learning Center resale riskier than other SBA-financed acquisitions?
Too few Huntington Learning Center acquisition loans are old enough to measure. The benchmark for all SBA acquisition loans is 3.5% charged off in the FY2018 to FY2021 cohort.
Where are Huntington Learning Center units being bought with SBA loans?
New York (2), Florida (2), New Jersey (1), California (1), Illinois (1). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
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Related
- All Exam Preparation and Tutoring acquisitions
- New York acquisitions
- Florida acquisitions
- New Jersey acquisitions
- Univest Bank and Trust Co
- Gulf Coast Bank and Trust Company
- Heritage Bank Inc
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Huntington Learning Center" (franchise code S0835). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.