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E&K Rhymes and Rainbows LLC

Chippewa Falls, WI · Child Care Services · NAICS 624410

E&K Rhymes and Rainbows LLC is a child care services business located in Chippewa Falls, Wisconsin, classified under NAICS code 624410. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,665,000, approved on December 13, 2023 by CCFBank National Association.

SBA 7(a) loan, change of ownership, approved Dec 13, 2023

$1,665,000 approvedLender: CCFBank National Association25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,665,000
SBA-guaranteed amount
$1,248,750 (75% of the approval)
Lender
CCFBank National Association, Altoona, WI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
25 years (300 months)
Estimated maturity
December 13, 2048 (estimated, approval date plus term)
Estimated monthly payment
$16,019 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 22, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Chippewa County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 64% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Wisconsin: $1,729,230.

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 Wisconsin