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Alamo Country School

Alamo, CA · Child Care Services · NAICS 624410

Alamo Country School, located in Alamo, California, operates in the child care services industry (NAICS 624410). The business was financed with an SBA 7(a) loan for a change of ownership of $2.85 million, approved on March 8, 2024 by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Mar 8, 2024

$2,850,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,850,000
SBA-guaranteed amount
$2,137,500 (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
9.75%, variable
Term
25 years (300 months)
Estimated maturity
March 8, 2049 (estimated, approval date plus term)
Estimated monthly payment
$25,397 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 8, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
Individual
NAICS
624410, Child Care Services
Project location
Contra Costa County, CA
SBA district office
San Francisco District Office
Congressional district
CA-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 84% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in California: $1,688,228.

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 California