Smarr Angel Learning LLC.
Smarr Angel Learning LLC. is located in Forsyth, GA, and the SBA lists its industry as Child Care Services. It was approved for an SBA 7(a) loan of $730,000 for a change of ownership on May 15, 2025.
SBA 7(a) loan, change of ownership, approved May 15, 2025
- Gross approval
- $730,000
- SBA-guaranteed amount
- $547,500 (75% of the approval)
- Lender
- The Bancorp Bank National Association, Sioux Falls, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- May 15, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $6,002 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 23, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 18
- Business type
- Corporation
- NAICS
- 624410, Child Care Services
- Project location
- Monroe County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 25% 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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