1040 Wells Branch LLC
1040 Wells Branch LLC is located in Pflugerville, TX, and the SBA lists its industry as Child Care Services. It was approved for an SBA 7(a) loan of $4,868,000 for a change of ownership on August 24, 2025.
SBA 7(a) loan, change of ownership, approved Aug 24, 2025
- Gross approval
- $4,868,000
- SBA-guaranteed amount
- $3,651,000 (75% of the approval)
- Lender
- Plains State Bank, Humble, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 6.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- August 24, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $32,113 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 28
- Business type
- Corporation
- NAICS
- 624410, Child Care Services
- Franchise
- The Goddard School
- Project location
- Travis County, TX
- SBA district office
- San Antonio District Office
- Congressional district
- TX-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 96% of acquisition loans in Child Care Services on this site.
- Average acquisition loan in Child Care Services: $1,662,827.
- Average acquisition loan in Texas: $1,944,682.
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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