Playful Roots LLC
Playful Roots LLC is located in Southampton, NY, and the SBA lists its industry as Child Care Services. It was approved for an SBA 7(a) loan of $660,000 for a change of ownership on May 27, 2025.
SBA 7(a) loan, change of ownership, approved May 27, 2025
- Gross approval
- $660,000
- SBA-guaranteed amount
- $495,000 (75% of the approval)
- Lender
- New York Business Development Corporation, Latham, NY
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 27, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,814 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 624410, Child Care Services
- Project location
- Suffolk County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 17% 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 York: $1,771,512.
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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