Hire Education, Inc.
Hire Education, Inc. is an educational support services business in Wilbraham, Massachusetts, classified under NAICS code 611710. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $921,600, approved on May 28, 2025 by FDIC-supervised lender Community Bank & Trust-West Georgia.
SBA 7(a) loan, change of ownership, approved May 28, 2025
$921,600 approvedLender: FDIC - Community Bank & Trust-West Georgia10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $921,600
- SBA-guaranteed amount
- $691,200 (75% of the approval)
- Lender
- FDIC - Community Bank & Trust-West Georgia, LaGrange, GA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 28, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $12,307 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 24, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 611710, Educational Support Services
- Project location
- Hampden County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Educational Support Services: $1,808,288.
- Average acquisition loan in Massachusetts: $1,643,977.
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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