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New Horizons Computer Learning Centers franchise financing options

Compare costs, fees and where to get financing for a New Horizons Computer Learning Centers.

Overall costs for New Horizons Computer Learning Centers run anywhere from $258,000 to $625,000. 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 New Horizons Computer Learning Centers franchise may result in higher or lower fees.

Franchise fees

New Horizons Computer Learning Centers franchise fees total around $87,500, which is more than the $37,000 average for the 200 largest franchises.
Franchise Cost
Initial franchise fee $25,000 to $150,000
Estimated total $25,000 to $150,000

Equipment fees

Equipment fees total $156,000 for New Horizons Computer Learning Centers. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Computer hardware and software, including network portal $85,000 to $150,000
Furniture and furnishings $25,000 to $45,000
Exterior signs $2,000 to $5,000
Estimated total $112,000 to $200,000

Real estate fees

Real estate will set you back $35,250 for New Horizons Computer Learning Centers, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Leasehold improvements $3,000 to $20,000
Rent $5,000 to $20,000
Security deposits $2,500 to $20,000
Estimated total $10,500 to $60,000

Training fees

New Horizons Computer Learning Centers initial training costs total $8,500, which comes in under the nationwide average of $9,788.
Training Cost
Travel and living expenses $2,000 to $5,000
Training employees on system $0 to $10,000
Estimated total $2,000 to $15,000

Inventory costs

Initial inventory for New Horizons Computer Learning Centers shakes out to $2,250. This is less than the nationwide average of $53,119.
Inventory Cost
Inventory and supplies $1,500 to $3,000
Estimated total $1,500 to $3,000

Insurance costs

Initial insurance costs for New Horizons Computer Learning Centers run $2,500. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Business insurance $1,000 to $4,000
Estimated total $1,000 to $4,000

Administrative fees

New Horizons Computer Learning Centers administrative fees total up to $49,500 — which comes in over the overall nationwide average of $6,761.
Admin Cost
Software vendor fees $0 to $10,000
Student courseware fee $6,000 to $83,000
Estimated total $6,000 to $93,000

Other expenses

Miscellaneous expenses for New Horizons Computer Learning Centers total $100,000 — more than the nationwide average of $69,970.
Other Cost
Three months' additional funds $100,000 to $100,000
Estimated total $100,000 to $100,000
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 New Horizons Computer Learning Centers is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the New Horizons Computer Learning Centers franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to New Horizons Computer Learning Centers 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 $441,500 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 New Horizons Computer Learning Centers — 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 New Horizons Computer Learning Centers 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 New Horizons Computer Learning Centers 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 $258,000. 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
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.
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.
Bitty Advance business cash advances
$2,000
$25,000
$5,000 monthly bank revenue, 6+ months in business, business bank account open 3+ months, 450+ credit score
With APRs in the triple digits, this is best saved as a last resort.
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How New Horizons Computer Learning Centers stacks up

Compare how New Horizons Computer Learning Centers holds up against two similarly sized franchises.
Decorating Den Interiors New Horizons Computer Learning Centers U.S. Lawns
Average Franchise fees NA $87,500 $17,000
Average Equipment fees NA $156,000 $15,150
Average Real estate fees NA $35,250 $4,500
Average Training fees NA $8,500 $3,000
Average Inventory fees NA $2,250 NA
Average Marketing fees NA NA NA
Average Licenses and permits fees NA NA NA
Average Insurance fees NA $2,500 NA
Average Admin fees NA $49,500 NA
Average Personnel fees NA NA NA
Average Other fees NA $100,000 $10,750

Bottom line

New Horizons Computer Learning Centers franchise costs run a total of $441,500. 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.

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