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Education Growth Partners LLC

Absecon, NJ · Child Care Services · NAICS 624410

Education Growth Partners LLC is a child care services business in Absecon, New Jersey, classified under NAICS 624410 (Child Care Services). The company was financed with an SBA 7(a) loan for a change of ownership of $901,200, approved by Bank of America, National Association, with an approval date of July 15, 2026, and the loan reports 17 jobs.

SBA 7(a) loan, change of ownership, approved Jul 15, 2026

$901,200 approvedLender: Bank of America, National Association10 years termCommitted, not fully disbursedLoan details
Gross approval
$901,200
SBA-guaranteed amount
$675,900 (75% of the approval)
Lender
Bank of America, National Association, Charlotte, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
6.95%, fixed
Term
10 years (120 months)
Estimated maturity
July 15, 2036 (estimated, approval date plus term)
Estimated monthly payment
$10,440 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
17
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Atlantic County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-02
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 33% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in New Jersey: $1,626,307.

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 New Jersey