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Nourish Care Group Inc.

Wayzata, MN · Child Care Services · NAICS 624410

Nourish Care Group Inc. is a child care services business located in Wayzata, Minnesota, classified under NAICS code 624410. The company was financed with an SBA 7(a) loan for a change of ownership, with an SBA-supported loan amount of $707,000 approved by Bridgewater Bank on April 24, 2025.

SBA 7(a) loan, change of ownership, approved Apr 24, 2025

$707,000 approvedLender: Bridgewater Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$707,000
SBA-guaranteed amount
$530,250 (75% of the approval)
Lender
Bridgewater Bank, Saint Louis Park, MN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
10 years (120 months)
Estimated maturity
April 24, 2035 (estimated, approval date plus term)
Estimated monthly payment
$8,861 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 30, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Hennepin County, MN
SBA district office
Minnesota District Office
Congressional district
MN-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 23% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Minnesota: $1,482,119.

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 Minnesota