Kiddie Academy Further Develops Relationship With TD-Bank
Baltimore-Based Franchisor Receives Preferred Financing Options
BALTIMORE, MD--(Marketwire - Nov 1, 2011) - Kiddie Academy Domestic Franchising is pleased to announce its continued small business financing relationship with TD Bank, America's Most Convenient Bank®.
Over the last ten years, Kiddie Academy has obtained $20 million in U.S. Small Business Administration (SBA) loans with a zero-default rate. This stellar track record has helped Kiddie Academy obtain new TD Bank financing with a favorable loan term and interest rate.
"We are excited about this new relationship and believe it is a testament to our processes and our franchise system. We've been working with TD Bank for many years and have been pleased with the loan packages and service they've been able to provide to our franchisees," said Susan Wise, CFO and COO for Kiddie Academy.
This comes on the heels of a recent deal with Kiddie Academy franchisee, Henry Emezie, who just opened his location in Charlotte, North Carolina. "When I decided to open a Kiddie Academy franchise, TD Bank was willing to work with me on loan options and provided support that other financers did not," says Emezie. "Kiddie Academy's financial team was with me every step of the way. I'm thrilled to be a part of the organization, and I am impressed with my experience with TD Bank."
"TD Bank is ecstatic to continue our relationship with Kiddie Academy, a leading childcare provider with an important emphasis on guiding young children towards a brighter future," says Terry Kenny, Metro D.C. Market President, TD Bank. "We're committed to helping local small businesses achieve their business growth goals, and it's an honor to provide the resources necessary for Kiddie Academy to deliver exceptional childcare service in our communities."
Kiddie Academy serves families and their children ages 6 weeks to 12 years old, offering full time care, before- and after-school care and summer camp programs. Kiddie Academy's proprietary Life Essentials® curriculum, supporting programs, methods, activities and techniques help prepare children for school and for life.
Kiddie Academy has received past recognitions by Entrepreneur magazine and AllBusiness.com for their success in the franchise industry.
For more information on Kiddie Academy, please visit Kiddie Academy.com or Kiddie Academyfranchising.com.
About Kiddie Academy®
For more than 30 years, Kiddie Academy® has been a leader in education-based child care. The company serves families and their children ages 6 weeks to 12 years old, offering full time care, before- and after-school care and summer camp programs. Kiddie Academy's proprietary Life Essentials® curriculum, supporting programs, methods, activities and techniques help prepare children for school and for life. Kiddie Academy is using the globally recognized AdvancED accreditation system, signifying its commitment to quality education and the highest standards in child care. Kiddie Academy is an official partner of the nonprofit organization, First Book, and is dedicated to supporting children's literacy. For more information, visit www.Kiddie Academy.com.
About Kiddie Academy® Franchising
Kiddie Academy Domestic Franchising is based in Maryland and has over 100 academies located in 24 states, including two company-owned locations. Approximately 70 additional academies are in development, with 15 to 20 new locations slated to open each year. For more information, visit www.Kiddie Academyfranchising.com.
About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 7.4 million customers with a full range of retail, small business and commercial banking products and services at more than 1,275 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized wealth management services through TD Wealth, and insurance products and services through TD Insurance, Inc. TD Bank is headquartered in Cherry Hill, N.J., and Portland, Maine. To learn more, find TD Bank on Facebook at www.facebook.com/TDMoneyLoungeUS, on Twitter at www.twitter.com/TDBank_US, or visit www.tdbank.com.
TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America and one of the few banks in the world rated Aaa by Moody's. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD." To learn more, visit www.td.com.