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Sageon-Twin Hickory, LLC

Glen Allen, VA · Child Care Services · NAICS 624410

Sageon-Twin Hickory, LLC is a child care services business in Glen Allen, Virginia, classified under NAICS code 624410. The company was financed with an SBA 7(a) loan for a change of ownership of $1.73 million, approved by Live Oak Banking Company on March 20, 2024.

SBA 7(a) loan, change of ownership, approved Mar 20, 2024

$1,730,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,730,000
SBA-guaranteed amount
$916,900 (53% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.85%, variable
Term
10 years (120 months)
Estimated maturity
March 20, 2034 (estimated, approval date plus term)
Estimated monthly payment
$21,775 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
35
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Henrico County, VA
SBA district office
Richmond District Office
Congressional district
VA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 66% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Virginia: $1,860,760.

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 Virginia