Away We Go, LLC
Away We Go, LLC is located in Atlanta, GA, and the SBA lists its industry as Educational Support Services. It was approved for an SBA 7(a) loan of $1,183,000 for a change of ownership on January 3, 2024.
SBA 7(a) loan, change of ownership, approved Jan 3, 2024
- Gross approval
- $1,183,000
- SBA-guaranteed amount
- $887,250 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 3, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $16,296 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 611710, Educational Support Services
- Project location
- Dekalb County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Educational Support Services: $1,808,288.
- Average acquisition loan in Georgia: $2,017,638.
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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