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7Stars Academy PB LLC

Riviera Beach, FL · Child Care Services · NAICS 624410

7Stars Academy PB LLC is a child care services business in Riviera Beach, Florida, classified under NAICS code 624410. The business was financed with an SBA 7(a) loan for a change of ownership totaling $3.35 million, approved on July 22, 2024 by lender Banesco USA.

SBA 7(a) loan, change of ownership, approved Jul 22, 2024

$3,350,000 approvedLender: Banesco USA25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,350,000
SBA-guaranteed amount
$2,512,500 (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
25 years (300 months)
Estimated maturity
July 22, 2049 (estimated, approval date plus term)
Estimated monthly payment
$32,230 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Palm Beach County, FL
SBA district office
South Florida District Office
Congressional district
FL-18
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 88% 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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