SOURCE: Sylvan Learning

Sylvan Learning

March 10, 2010 11:37 ET

Sylvan Learning Signs Agreement With Diamond Financial Services for Preferred Franchise Financing Program

Agreement With Diamond Financial Offers Sylvan Learning Franchisees a Reliable Lending Source With Reduced Fees and Easier Access to Capital

BALTIMORE, MD--(Marketwire - March 10, 2010) - Sylvan Learning, Inc., North America's most recognized provider of supplemental education, announced today it has signed an agreement with Diamond Financial Services for a preferred franchise financing program. Available only to Sylvan Learning franchisees, the program offers reduced fees and access to capital. 

Diamond Financial Services will offer Sylvan franchisees a special 25 percent reduced fee for their SBA Loan Program, which includes loans for start-ups, remodels, refinances, expansions and resales. In addition, Diamond Financial will give franchisees a credit back on successful funding on their Unsecured Loan Program (UBLOC), which includes business credit lines ranging from $40,000 to $100,000. 

"We are pleased that Diamond Financial Services has agreed to offer both our existing and new franchisees these exclusive preferred financing benefits," said Curt Hapward, Sylvan Learning's vice president of franchising. "In these challenging economic times, reduced fees and access to capital are extremely valuable to those who are trying to break into franchising, as well as those who want to expand or refinance their centers." 

As a member of the International Franchise Association (IFA), Diamond Financial Services has been providing financing to franchisees for more than a decade and is one of the nation's leading sources of Small Business Loans. Diamond Financial offers small business owners a wide range of financing solutions, spanning from loans for business start-ups to the purchase of commercial buildings, machinery and equipment, as well as franchise acquisitions. Don Johnson, a principal of Diamond Financial, says "with Sylvan Learning's history and being an industry leader, that makes our job easier!"

"It is our goal to provide as many opportunities like this as possible for our franchisees," said Hapward. "As Sylvan Learning continues to grow and expand in select markets throughout the country, we are committed to making available to our franchisees the tools and resources needed for success."

Despite a challenging economy, Sylvan Learning recently reported record franchise sales for the past two years, selling more than 140 domestic franchise territories. In addition, 2009 marked the brand's best international franchise sales year in at least a decade.

Sylvan Learning currently operates more than 900 centers worldwide in 49 states and six provinces in Canada, as well as 10 countries. With considerable franchise sales growth in many parts of the country over the past two years, Sylvan Learning will continue to expand in select U.S. and international markets in 2010. To fuel this growth, Sylvan Learning seeks qualified franchisees who possess entrepreneurial skills, have a passion for the communities they will serve, and are interested in helping children develop the skills, habits and attitudes that lead to lifelong success.

Sylvan has served more than two million students since 1979. Most recently, Sylvan Learning moved up to number 44 in Entrepreneur magazine's 2010 "Franchise 500 Ranking" and has been ranked 25 times by the industry's premier franchise ranking. In 2009, Sylvan Learning was ranked number 67 in Franchise Times magazine's "Top 200 Systems" based on total number of units. In addition, Sylvan was named one of the "25 Top Franchises for Hispanic American ownership" by Poder Enterprise magazine, and was ranked in Bond's "Top 100 Franchises."

Entrepreneurs interested in exploring opportunities in supplemental education franchising may contact Curt Hapward, Sylvan Learning's vice president for franchising, at 800-627-4276, ext. 8242.

About Sylvan Learning
Sylvan Learning is the leading provider of tutoring to students of all ages, grades and skill levels. With 30 years of experience and more than 900 centers located throughout North America and abroad, Sylvan's proven process and personalized instructional methods have inspired more than two million students to discover the joy of learning. Sylvan's trained and Sylvan-certified instructors provide individual instruction in reading, writing, mathematics, study skills and test-prep for college entrance and state exams. Sylvan helps transform kids into inspired learners with the skills to do better in school and the confidence to do better in everything else. For more information on Sylvan's franchise opportunities call 800-284-8214 or visit www.sylvanfranchise.com

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