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Brainworks Daycare, LLC

Chapel Hill, NC · Child Care Services · NAICS 624410

Brainworks Daycare, LLC is located in Chapel Hill, NC, and the SBA lists its industry as Child Care Services. It was approved for an SBA 7(a) loan of $5,000,000 for a change of ownership on March 19, 2024.

SBA 7(a) loan, change of ownership, approved Mar 19, 2024

Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Beacon Bank and Trust, Brookline, MA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
25 years (300 months)
Estimated maturity
March 19, 2049 (estimated, approval date plus term)
Estimated monthly payment
$46,319 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 15, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
44
Business type
Corporation
NAICS
624410, Child Care Services
Franchise
Primrose Schools
Project location
Chatham County, NC
SBA district office
North Carolina District Office
Congressional district
NC-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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