Main Street Registry

Rising Stars Academy of Hillsborough LLC

Hillsborough, NJ · Child Care Services · NAICS 624410

Rising Stars Academy of Hillsborough LLC is a child care services business in Hillsborough, New Jersey. It was financed with an SBA 7(a) loan for a change of ownership totaling $1.12 million, approved on December 4, 2025, through Peapack Private Bank and Trust.

SBA 7(a) loan, change of ownership, approved Dec 4, 2025

$1,120,000 approvedLender: Peapack Private Bank and Trust123 months termStatus not reported (SBA exemption)Loan details
Gross approval
$1,120,000
SBA-guaranteed amount
$840,000 (75% of the approval)
Lender
Peapack Private Bank and Trust, Bedminster, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
10 years, 3 months (123 months)
Estimated maturity
March 4, 2036 (estimated, approval date plus term)
Estimated monthly payment
$13,974 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
21
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Somerset County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 44% 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