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Primrose School of Walnut Creek

Mansfield, TX · Child Care Services · NAICS 624410

Primrose School of Walnut Creek, located in Mansfield, TX, operates in the child care services industry (NAICS 624410). It was financed with an SBA 7(a) loan for a change of ownership of $3.75 million, approved on March 27, 2024, by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Mar 27, 2024

$3,750,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,750,000
SBA-guaranteed amount
$2,812,500 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
25 years (300 months)
Estimated maturity
March 27, 2049 (estimated, approval date plus term)
Estimated monthly payment
$32,114 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 19, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
32
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Tarrant County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 89% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Texas: $1,944,682.

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 Texas