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Sunny Days Learning Center Corp

Sebastian, FL · Child Care Services · NAICS 624410

Sunny Days Learning Center Corp is a child care services business in Sebastian, Florida, in the NAICS industry for child day care services. It was financed with an SBA 7(a) loan for a change of ownership of $1,875,000, approved on May 24, 2024 by Banesco USA. The loan records list 13 jobs.

SBA 7(a) loan, change of ownership, approved May 24, 2024

$1,875,000 approvedLender: Banesco USA299 months termStatus not reported (SBA exemption)Loan details
Gross approval
$1,875,000
SBA-guaranteed amount
$1,406,250 (75% of the approval)
Lender
Banesco USA, Miami, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
24 years, 11 months (299 months)
Estimated maturity
April 24, 2049 (estimated, approval date plus term)
Estimated monthly payment
$18,051 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 7, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Indian River County, FL
SBA district office
South Florida District Office
Congressional district
FL-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 70% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Florida: $1,808,559.

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 Florida