Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Huntington Learning Center franchise financing options

Compare costs, fees and where to get financing for a Huntington Learning Center.

Overall costs for Huntington Learning Center run anywhere from $125,833 to $264,169. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

Estimated initial costs

Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Huntington Learning Center franchise may result in higher or lower fees.

Franchise fees

Huntington Learning Center franchise fees total around $28,000, which beats out the $37,000 average for the 200 largest franchises nationwide.
Franchise Cost
Initial franchise fee $28,000 to $28,000
Estimated total $28,000 to $28,000

Equipment fees

Equipment fees total $39,730 for Huntington Learning Center. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Furniture, computers $33,407 to $38,053
Exterior sign $500 to $7,500
Estimated total $33,907 to $45,553

Real estate fees

Real estate will set you back $43,000 for Huntington Learning Center, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Architect design $0 to $5,500
Security, utility deposits and license fees $500 to $3,000
Real estate and improvements $0 to $77,000
Estimated total $500 to $85,500

Training fees

Huntington Learning Center initial training costs total $22,272 — more than the nationwide average of $9,788.
Training Cost
Travel and living expenses while training $0 to $4,690
Curricula and testing materials $19,247 to $19,847
Training and technology fee $380 to $380
Estimated total $19,627 to $24,917

Inventory costs

Initial inventory for Huntington Learning Center shakes out to $6,000. This is less than the nationwide average of $53,119.
Inventory Cost
Startup supplies $4,000 to $8,000
Estimated total $4,000 to $8,000

Marketing costs

Advertisement and marketing costs total up to $19,124 for Huntington Learning Center, which is more than the nationwide average of $9,938.
Marketing Cost
Advertising $19,124 to $19,124
Estimated total $19,124 to $19,124

Administrative fees

Huntington Learning Center administrative fees total up to $6,125 — which comes in under the overall nationwide average of $6,761.
Admin Cost
Interior graphics $2,175 to $5,875
Loan facility fee $0 to $4,200
Audit Will vary.
Estimated total $2,175 to $10,075

Other expenses

Miscellaneous expenses for Huntington Learning Center total $30,750 — less than the nationwide average of $69,970.
Other Cost
Professional fees $500 to $3,000
Three months' additional funds $18,000 to $40,000
Estimated total $18,500 to $43,000
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.

How to finance

Since the estimated total for Huntington Learning Center is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Huntington Learning Center franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Huntington Learning Center about in-house financing for franchisees.
  3. If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $195,001 estimated opening costs.
  4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
  5. Once you settle on a lender, gather all required documents, including account statements and assets.
  6. Apply for financing online or in person as required by the lender.

What types of financing is available?

You have several options when it comes to financing a Huntington Learning Center — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
  • Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
  • Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Huntington Learning Center opening costs.
  • SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Also check if Huntington Learning Center franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You may not need financing to cover the estimated $125,833. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
Name Product Filter Values Min. Amount Max. Amount Requirements
Fora Financial business loans
$5,000
$500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.
Lendio business loans
$500
$5,000,000
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
OnDeck short-term loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
National Funding business loans
$5,000
$500,000
Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.
Fundbox lines of credit
$1,000
$150,000
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.
loading

Compare up to 4 providers

How Huntington Learning Center stacks up

Compare how Huntington Learning Center holds up against two similarly sized franchises.
Home Helpers Huntington Learning Center Smashburger
Average Franchise fees $48,900 $28,000 NA
Average Equipment fees $4,500 $39,730 $220,105
Average Real estate fees $1,500 $43,000 $667,128
Average Training fees NA $22,272 $65,350
Average Inventory fees NA $6,000 $17,500
Average Marketing fees NA $19,124 $10,000
Average Licenses and permits fees $7,500 NA $6,500
Average Insurance fees $5,800 NA $15,000
Average Admin fees NA $6,125 NA
Average Personnel fees NA NA NA
Average Other fees NA $30,750 $27,750

Bottom line

Huntington Learning Center franchise costs run a total of $195,001. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site