Main Street Registry

Acorn Learning Group of Greenwood, LLC

Houston, TX · Child Care Services · NAICS 624410

Acorn Learning Group of Greenwood, LLC is a child care services business in Houston, Texas, in the NAICS industry for child day care services. The company was financed with an SBA 7(a) loan for a change of ownership of $522,900, made by The Huntington National Bank with an approval date of December 23, 2024.

SBA 7(a) loan, change of ownership, approved Dec 23, 2024

$522,900 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$522,900
SBA-guaranteed amount
$392,175 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
10 years (120 months)
Estimated maturity
December 23, 2034 (estimated, approval date plus term)
Estimated monthly payment
$6,838 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 31, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Harris County, TX
SBA district office
Houston District Office
Congressional district
TX-02
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 6% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Texas: $1,944,682.

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 Texas