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River Oaks Daycare

Mableton, GA · Child Care Services · NAICS 624410

River Oaks Daycare, located in Mableton, Georgia, operates in the child care services industry (NAICS 624410). The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,540,800, approved on August 26, 2024 by Harvest Small Business Finance, LLC.

SBA 7(a) loan, change of ownership, approved Aug 26, 2024

$1,540,800 approvedLender: Harvest Small Business Finance, LLC25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,540,800
SBA-guaranteed amount
$1,155,600 (75% of the approval)
Lender
Harvest Small Business Finance, LLC, Laguna Hills, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
25 years (300 months)
Estimated maturity
August 26, 2049 (estimated, approval date plus term)
Estimated monthly payment
$15,102 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 12, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Cobb County, GA
SBA district office
Georgia District Office
Congressional district
GA-13
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 60% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Georgia: $2,017,638.

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 Georgia