Main Street Registry

Olde City Day School, LLC

Philadelphia, PA · Child Care Services · NAICS 624410

Olde City Day School, LLC is a child care services business in Philadelphia, PA, classified under NAICS 624410. The company was financed with an SBA 7(a) loan for a change of ownership of $1.67 million, approved on January 11, 2024, through Fulton Bank, National Association.

SBA 7(a) loan, change of ownership, approved Jan 11, 2024

$1,672,000 approvedLender: Fulton Bank, National Association314 months termStatus not reported (SBA exemption)Loan details
Gross approval
$1,672,000
SBA-guaranteed amount
$1,254,000 (75% of the approval)
Lender
Fulton Bank, National Association, Lancaster, PA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
26 years, 2 months (314 months)
Estimated maturity
March 11, 2050 (estimated, approval date plus term)
Estimated monthly payment
$16,253 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 18, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
66
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Philadelphia County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 65% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Pennsylvania: $1,636,965.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Pennsylvania