Happiness Holdings LLP
Happiness Holdings LLP, located in Louisville, KY, operates in the child care services industry (NAICS 624410). The company was financed with an SBA 7(a) loan for a change of ownership of $807,700, approved on March 12, 2024, by lender TowneBank.
SBA 7(a) loan, change of ownership, approved Mar 12, 2024
$807,700 approvedLender: TowneBank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $807,700
- SBA-guaranteed amount
- $605,775 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- March 12, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $7,771 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 22, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- LLC or partnership
- NAICS
- 624410, Child Care Services
- Project location
- Jefferson County, KY
- SBA district office
- Kentucky District Office
- Congressional district
- KY-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 30% of acquisition loans in Child Care Services on this site.
- Average acquisition loan in Child Care Services: $1,662,827.
- Average acquisition loan in Kentucky: $1,988,993.
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 Kentucky
- Growing Landings, LLC, Louisville
- Kids First of Richmond Group LLC, Richmond