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Little Learners Schoolhouse LLC

Trenton, NJ · Child Care Services · NAICS 624410

Little Learners Schoolhouse LLC is a child care services business in Trenton, New Jersey, classified under NAICS code 624410. It was financed with an SBA 7(a) loan for a change of ownership of $1.16 million, approved on March 6, 2024 by Beacon Bank and Trust.

SBA 7(a) loan, change of ownership, approved Mar 6, 2024

$1,160,000 approvedLender: Beacon Bank and Trust25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,160,000
SBA-guaranteed amount
$870,000 (75% of the approval)
Lender
Beacon Bank and Trust, Brookline, MA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
25 years (300 months)
Estimated maturity
March 6, 2049 (estimated, approval date plus term)
Estimated monthly payment
$10,746 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 22, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
21
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Mercer County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 45% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in New Jersey: $1,626,307.

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 New Jersey