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Wayne Little Learners Corp

Wayne, NJ · Child Care Services · NAICS 624410

Wayne Little Learners Corp is located in Wayne, NJ, and the SBA lists its industry as Child Care Services. It was approved for an SBA 7(a) loan of $3,806,000 for a change of ownership on September 18, 2024.

SBA 7(a) loan, change of ownership, approved Sep 18, 2024

Gross approval
$3,806,000
SBA-guaranteed amount
$2,854,500 (75% of the approval)
Lender
TD Bank, National Association, Wilmington, DE
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.68%, fixed
Term
25 years (300 months)
Estimated maturity
September 18, 2049 (estimated, approval date plus term)
Estimated monthly payment
$28,573 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
624410, Child Care Services
Franchise
The Goddard School
Project location
Passaic County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-11
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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 New Jersey