Main Street Registry

Kiddie Academy of Union Park

Aubrey, TX · Child Care Services · NAICS 624410

Kiddie Academy of Union Park, a child care services business in Aubrey, Texas, was financed with an SBA 7(a) loan for a change of ownership. The $520,500 loan was approved by America First Federal Credit Union on July 30, 2024, and the business is a Kiddie Academy franchise.

SBA 7(a) loan, change of ownership, approved Jul 30, 2024

$520,500 approvedLender: America First Federal Credit Union10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$520,500
SBA-guaranteed amount
$390,375 (75% of the approval)
Lender
America First Federal Credit Union, Riverdale, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
July 30, 2034 (estimated, approval date plus term)
Estimated monthly payment
$6,735 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
42
Business type
Corporation
NAICS
624410, Child Care Services
Franchise
Kiddie Academy
Project location
Denton County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-26
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 6% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Texas: $1,944,682.

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 Texas