Cardinal Education, LLC
Cardinal Education, LLC is located in Edmond, OK, and the SBA lists its industry as Child Care Services. It was approved for an SBA 7(a) loan of $1,768,100 for a change of ownership on July 9, 2024.
SBA 7(a) loan, change of ownership, approved Jul 9, 2024
- Gross approval
- $1,768,100
- SBA-guaranteed amount
- $1,326,075 (75% of the approval)
- Lender
- Seacoast National Bank, Stuart, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 9, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $24,106 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 27, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 624410, Child Care Services
- Franchise
- The Goddard School
- Project location
- Oklahoma County, OK
- SBA district office
- Oklahoma District Office
- Congressional district
- OK-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 68% of acquisition loans in Child Care Services on this site.
- Average acquisition loan in Child Care Services: $1,662,827.
- Average acquisition loan in Oklahoma: $1,861,759.
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 Oklahoma
- Primrose School of Norman, Norman
- Primrose School of Yukon, Oklahoma City
- Tecara Group, Inc., Oklahoma City