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Tender Loving Care & Child Development Center

Laurens, SC · Child Care Services · NAICS 624410

Tender Loving Care & Child Development Center is a child care services business located in Laurens, SC, under NAICS code 624410. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $957,000, approved through First Bank on November 9, 2023. The loan supports 13 jobs as reported to the SBA.

SBA 7(a) loan, change of ownership, approved Nov 9, 2023

$957,000 approvedLender: First Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$957,000
SBA-guaranteed amount
$717,750 (75% of the approval)
Lender
First Bank, Southern Pines, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
25 years (300 months)
Estimated maturity
November 9, 2048 (estimated, approval date plus term)
Estimated monthly payment
$9,036 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 30, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Laurens County, SC
SBA district office
South Carolina District Office
Congressional district
SC-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 36% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in South Carolina: $1,827,509.

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 South Carolina