SBA 7(a)/504 FOIA · FY1991–PRESENT · NEW YORK
Tutor Time franchise in New York: what the public record shows
Franchisees of Tutor Time in New York have taken 21 SBA loans since 1991 (average $346,533), and of the 16 loans whose story has ended, 0.0% were charged off — versus 15.3% for Tutor Time nationally and 14.8% across all rateable franchise brands.
Loans in NY
21
Resolved
16
Local charge-off
0.0%
National charge-off
15.3%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = NY. Charge-off rate = charged-off ÷ (charged-off + paid-in-full); open loans excluded. A local rate is published only when the resolved cohort clears our floor.
Businesses in this industry
7,543
statewide, all operators
Per 100k residents
38
national 26.5
Versus the country
+43%
denser
Every business in Tutor Time's industry operating in New York — franchised and independent — from the Census Bureau's County Business Patterns (2023), against 2024 population estimates. Counter-intuitively, density is not a warning: across 198 brand-state cells in our loan data, the densest quartile charges off at 5.6% versus 18.1% in the thinnest. A crowded market is usually proven demand; an empty one is often empty for a reason.
| System | Loans in NY | Local charge-off | Units in NY |
|---|---|---|---|
| The Learning Experience | 34 | 7.7% | — |
| Kiddie Academy | 33 | 14.3% | — |
| SYLVAN LEARNING, SYLVAN LEARNING CENTER, SYLVAN | 17 | 16.7% | 13 |
| The Goddard School | 15 | thin | — |
| Huntington Learning Center | 9 | thin | — |
| Goldfish Swim School | 6 | thin | — |
| School of Rock | 6 | thin | — |
Same sector, same state, same public records — how Tutor Time compares to the systems a buyer in New York would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing Tutor Time's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →