Main Street Registry

Aspire888 Enterprise Corp.

Canton, GA · Child Care Services · NAICS 624410

Aspire888 Enterprise Corp. is a child care services business in Canton, Georgia, classified under NAICS code 624410 (Child Day Care Services). The company was financed with an SBA 7(a) loan for a change of ownership, with an approved amount of $1.6 million from Live Oak Banking Company, approved on January 24, 2025. The loan is reported with 76 jobs.

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

$1,600,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,600,000
SBA-guaranteed amount
$1,200,000 (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
7.75%, variable
Term
10 years (120 months)
Estimated maturity
January 24, 2035 (estimated, approval date plus term)
Estimated monthly payment
$19,202 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 1, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
76
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Cherokee County, GA
SBA district office
Georgia District Office
Congressional district
GA-11
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 61% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Georgia: $2,017,638.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Georgia