Childrens Garden Inc.
Childrens Garden Inc. is located in Carlinville, IL, and the SBA lists its industry as Child Care Services. It was approved for an SBA 7(a) loan of $655,000 for a change of ownership on April 17, 2026.
SBA 7(a) loan, change of ownership, approved Apr 17, 2026
- Gross approval
- $655,000
- SBA-guaranteed amount
- $491,250 (75% of the approval)
- Lender
- Bank of Springfield, Springfield, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, variable
- Term
- 7 years, 6 months (90 months)
- Estimated maturity
- October 17, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $9,538 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 1, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 34
- Business type
- Corporation
- NAICS
- 624410, Child Care Services
- Project location
- Macoupin County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 16% of acquisition loans in Child Care Services on this site.
- Average acquisition loan in Child Care Services: $1,662,827.
- Average acquisition loan in Illinois: $1,796,780.
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 Illinois
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- Kiddie's Play Group XI, LLC, Elmhurst
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