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A Place To Grow Preschool and Daycare, LLC

Matthews, NC · Child Care Services · NAICS 624410

A Place To Grow Preschool and Daycare, LLC is a child care services business in Matthews, NC, classified under NAICS 624410. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,665,000, approved on July 30, 2025 by First-Citizens Bank & Trust Company.

SBA 7(a) loan, change of ownership, approved Jul 30, 2025

$1,665,000 approvedLender: First-Citizens Bank & Trust Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,665,000
SBA-guaranteed amount
$1,248,750 (75% of the approval)
Lender
First-Citizens Bank & Trust Company, Raleigh, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
July 30, 2050 (estimated, approval date plus term)
Estimated monthly payment
$14,547 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 8, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Union County, NC
SBA district office
North Carolina District Office
Congressional district
NC-09
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 64% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in North Carolina: $1,952,444.

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 North Carolina