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Brightstar Learning and Childcare Centers, Inc.

Lauderdale Lakes, FL · Child Care Services · NAICS 624410

Brightstar Learning and Childcare Centers, Inc. is a child care services business located in Lauderdale Lakes, Florida, classified under NAICS code 624410. It was financed with an SBA 7(a) loan for a change of ownership of $2 million, approved on September 19, 2024, through Paradise Bank.

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

$2,000,000 approvedLender: Paradise Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,000,000
SBA-guaranteed amount
$1,500,000 (75% of the approval)
Lender
Paradise Bank, Boca Raton, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
25 years (300 months)
Estimated maturity
September 19, 2049 (estimated, approval date plus term)
Estimated monthly payment
$18,528 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 12, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Broward County, FL
SBA district office
South Florida District Office
Congressional district
FL-20
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 72% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Florida: $1,808,559.

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 Florida