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Giggles Academy, LLC

West Carrollton, OH · Child Care Services · NAICS 624410

Giggles Academy, LLC is a child care services business located in West Carrollton, Ohio, classified under NAICS code 624410. It was financed with an SBA 7(a) loan for a change of ownership of $1,285,500, approved on March 28, 2024 by The Huntington National Bank, and the loan reported 7 jobs.

SBA 7(a) loan, change of ownership, approved Mar 28, 2024

Gross approval
$1,285,500
SBA-guaranteed amount
$964,125 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.99%, fixed
Term
16 years (192 months)
Estimated maturity
March 28, 2040 (estimated, approval date plus term)
Estimated monthly payment
$12,648 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 29, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Montgomery County, OH
SBA district office
Columbus District Office
Congressional district
OH-10
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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 Ohio