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76 Little Falls Learners LLP

Fairfield, NJ · Child Care Services · NAICS 624410

76 Little Falls Learners LLP is a child care services business located in Fairfield, New Jersey, in the child care services industry. The company was financed with an SBA 7(a) loan for a change of ownership of $2.11 million, approved on June 11, 2024, through Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Jun 11, 2024

$2,110,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,110,000
SBA-guaranteed amount
$1,582,500 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
June 11, 2034 (estimated, approval date plus term)
Estimated monthly payment
$27,303 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
22
Business type
LLC or partnership
NAICS
624410, Child Care Services
Project location
Essex County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 74% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in New Jersey: $1,626,307.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in New Jersey