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John F. Font, Ph.D. & Associates, Inc.

San Jose, CA · Elementary and Secondary Schools · NAICS 611110

John F. Font, Ph.D. & Associates, Inc. is an elementary and secondary school business located in San Jose, CA, classified under the industry description Elementary and Secondary Schools. The company was financed with an SBA 7(a) loan for a change of ownership of $1,059,000, approved on February 16, 2024, through lender VelocitySBA, LLC.

SBA 7(a) loan, change of ownership, approved Feb 16, 2024

$1,059,000 approvedLender: VelocitySBA, LLC10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,059,000
SBA-guaranteed amount
$794,250 (75% of the approval)
Lender
VelocitySBA, LLC, Irving, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
10 years (120 months)
Estimated maturity
February 16, 2034 (estimated, approval date plus term)
Estimated monthly payment
$14,738 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 12, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
32
Business type
Corporation
NAICS
611110, Elementary and Secondary Schools
Project location
Santa Clara County, CA
SBA district office
San Francisco District Office
Congressional district
CA-18
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 17% of acquisition loans in Elementary and Secondary Schools on this site.
  • Average acquisition loan in Elementary and Secondary Schools: $1,451,500.
  • 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