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Goddard School of Roscoe Village

Chicago, IL · Child Care Services · NAICS 624410

Goddard School of Roscoe Village is a child care services business in Chicago, Illinois, in the child care services industry (NAICS 624410). The business was financed with an SBA 7(a) loan for a change of ownership totaling $2,345,000, approved by Live Oak Banking Company on March 11, 2025. The business operates as a franchise of The Goddard School.

SBA 7(a) loan, change of ownership, approved Mar 11, 2025

$2,345,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,345,000
SBA-guaranteed amount
$1,125,600 (48% 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%, variable
Term
10 years (120 months)
Estimated maturity
March 11, 2035 (estimated, approval date plus term)
Estimated monthly payment
$28,451 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 25, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
624410, Child Care Services
Franchise
The Goddard School
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 79% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Illinois: $1,796,780.

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 Illinois