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Archangels Academy LLC

Spokane Valley, WA · Child Care Services · NAICS 624410

Archangels Academy LLC, located in Spokane Valley, WA, operates in the child care services industry (NAICS 624410). The company was financed with an SBA 7(a) loan for a change of ownership, approved on January 24, 2025, in the amount of $720,000 through lender RiverBank.

SBA 7(a) loan, change of ownership, approved Jan 24, 2025

$720,000 approvedLender: RiverBank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$720,000
SBA-guaranteed amount
$540,000 (75% of the approval)
Lender
RiverBank, Spokane, WA
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
7%, fixed
Term
10 years (120 months)
Estimated maturity
January 24, 2035 (estimated, approval date plus term)
Estimated monthly payment
$8,360 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
26
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Spokane County, WA
SBA district office
Seattle District Office
Congressional district
WA-05
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 24% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Washington: $1,784,595.

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 Washington