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Lemon Tree Academy Eatonton LLC

Eatonton, GA · Child Care Services · NAICS 624410

Lemon Tree Academy Eatonton LLC is a child care services business in Eatonton, Georgia, classified under NAICS code 624410. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $500,000, approved on November 2, 2023 by 22nd State Bank, A Division of 22nd State Banking Company.

SBA 7(a) loan, change of ownership, approved Nov 2, 2023

$500,000 approvedLender: 22nd State Bank, A Division of 22nd State Banking Company20 years termStatus not reported (SBA exemption)Loan details
Gross approval
$500,000
SBA-guaranteed amount
$375,000 (75% of the approval)
Lender
22nd State Bank, A Division of 22nd State Banking Company, Mobile, AL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.5%, variable
Term
20 years (240 months)
Estimated maturity
November 2, 2043 (estimated, approval date plus term)
Estimated monthly payment
$5,332 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 1, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Putnam County, GA
SBA district office
Georgia District Office
Congressional district
GA-10
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Georgia: $2,017,638.

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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