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Funcare, Funcare Childcare, Funcare Children's Learning Center

La Porte, TX · Child Care Services · NAICS 624410

Funcare Children's Learning Center in La Porte, Texas, operates in the child care services industry (NAICS 624410). The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,039,000, approved by Bankwell Bank on March 17, 2026.

SBA 7(a) loan, change of ownership, approved Mar 17, 2026

$1,039,000 approvedLender: Bankwell Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,039,000
SBA-guaranteed amount
$779,250 (75% of the approval)
Lender
Bankwell Bank, New Canaan, CT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
March 17, 2051 (estimated, approval date plus term)
Estimated monthly payment
$8,542 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 2, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Harris County, TX
SBA district office
Houston District Office
Congressional district
TX-36
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 42% 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