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Growing Room Tallahassee Group, LLC

Tallahassee, FL · Child Care Services · NAICS 624410

Growing Room Tallahassee Group, LLC is a child care services business in Tallahassee, Florida, classified under NAICS code 624410. The company was financed with an SBA 7(a) loan for a change of ownership of $995,000 from Pinnacle Bank, with approval dated December 23, 2024.

SBA 7(a) loan, change of ownership, approved Dec 23, 2024

$995,000 approvedLender: Pinnacle Bank10 years termPaid in fullLoan details
Gross approval
$995,000
SBA-guaranteed amount
$746,250 (75% of the approval)
Lender
Pinnacle Bank, Nashville, TN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.4%, variable
Term
10 years (120 months)
Estimated maturity
December 23, 2034 (estimated, approval date plus term)
Estimated monthly payment
$12,821 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 27, 2025
Loan status
Paid in full
Jobs supported
120
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Leon County, FL
SBA district office
North Florida District Office
Congressional district
FL-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 40% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Florida: $1,808,559.

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 Florida