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Cornerstone Childcare of Lake Worth LLC

Fort Worth, TX · Child Care Services · NAICS 624410

Cornerstone Childcare of Lake Worth LLC is a child care services business in Fort Worth, Texas, classified under NAICS code 624410. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $912,000, approved by Live Oak Banking Company on June 13, 2025.

SBA 7(a) loan, change of ownership, approved Jun 13, 2025

$912,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$912,000
SBA-guaranteed amount
$684,000 (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
8.5%, variable
Term
10 years (120 months)
Estimated maturity
June 13, 2035 (estimated, approval date plus term)
Estimated monthly payment
$11,307 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 2, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Tarrant County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-12
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 34% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Texas: $1,944,682.

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 Texas