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J4K Preschool Murrieta Inc

Murrieta, CA · Child Care Services · NAICS 624410

J4K Preschool Murrieta Inc is a child care services business located in Murrieta, California, classified under NAICS code 624410. It was financed with an SBA 7(a) loan for a change of ownership of $4,003,000, approved on April 3, 2024, by lender Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved Apr 3, 2024

$4,003,000 approvedLender: Readycap Lending, LLC25 years termPaid in fullLoan details
Gross approval
$4,003,000
SBA-guaranteed amount
$3,002,250 (75% of the approval)
Lender
Readycap Lending, LLC, Berkeley Heights, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
25 years (300 months)
Estimated maturity
April 3, 2049 (estimated, approval date plus term)
Estimated monthly payment
$39,960 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 19, 2024
Loan status
Paid in full
Jobs supported
25
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Riverside County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-42
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 91% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in California: $1,688,228.

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 California