Legacy Leaders International LLC
Legacy Leaders International LLC is a child care services business located in Coconut Creek, Florida, classified under NAICS code 624410. The company was financed with an SBA 7(a) loan for a change of ownership totaling $540,000, approved on March 12, 2025 by Citizens Bank.
SBA 7(a) loan, change of ownership, approved Mar 12, 2025
$540,000 approvedLender: Citizens Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $540,000
- SBA-guaranteed amount
- $405,000 (75% of the approval)
- Lender
- Citizens Bank, Elizabethton, TN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 12, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,211 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
- 10
- Business type
- Corporation
- NAICS
- 624410, Child Care Services
- Project location
- Broward County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-22
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 8% of acquisition loans in Child Care Services on this site.
- Average acquisition loan in Child Care Services: $1,662,827.
- Average acquisition loan in Florida: $1,808,559.
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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