Sonshine Academy, Inc.
Sonshine Academy, Inc. is located in Conway, AR, and the SBA lists its industry as All Other Amusement and Recreation Industries. It was approved for an SBA 7(a) loan of $1,664,700 for a change of ownership on February 11, 2025.
SBA 7(a) loan, change of ownership, approved Feb 11, 2025
- Gross approval
- $1,664,700
- SBA-guaranteed amount
- $1,248,525 (75% of the approval)
- Lender
- Bank OZK, Little Rock, AR
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 11, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $20,863 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 9, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 38
- Business type
- Corporation
- NAICS
- 713990, All Other Amusement and Recreation Industries
- Project location
- Faulkner County, AR
- SBA district office
- Arkansas District Office
- Congressional district
- AR-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 60% of acquisition loans in All Other Amusement and Recreation Industries on this site.
- Average acquisition loan in All Other Amusement and Recreation Industries: $1,649,888.
- Average acquisition loan in Arkansas: $2,003,702.
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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