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Kreative Learning Hickory Creek LLC

Hickory Creek, TX · Child Care Services · NAICS 624410

Kreative Learning Hickory Creek LLC is a child care services business in Hickory Creek, Texas, in the National Industry Classification System category for child day care services. The company was financed with an SBA 7(a) loan for a change of ownership of $950,000 from Live Oak Banking Company, approved April 9, 2025. The loan is associated with a Primrose Schools franchise and reports 16 jobs.

SBA 7(a) loan, change of ownership, approved Apr 9, 2025

$950,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$950,000
SBA-guaranteed amount
$712,500 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
10 years (120 months)
Estimated maturity
April 9, 2035 (estimated, approval date plus term)
Estimated monthly payment
$11,652 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
624410, Child Care Services
Franchise
Primrose Schools
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 35% 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