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Dog Play Day Care Newco LLC

Mount Prospect, IL · Pet Care (except Veterinary) Services · NAICS 812910

Dog Play Day Care Newco LLC is a pet care services business in Mount Prospect, Illinois, in the Pet Care (except Veterinary) Services industry. The company was financed with an SBA 7(a) loan for a change of ownership, approved on February 20, 2024, in the amount of $1.28 million through Live Oak Banking Company, with an estimated 14 jobs reported.

SBA 7(a) loan, change of ownership, approved Feb 20, 2024

$1,280,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,280,000
SBA-guaranteed amount
$960,000 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
February 20, 2049 (estimated, approval date plus term)
Estimated monthly payment
$10,742 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 22, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
812910, Pet Care (except Veterinary) Services
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 63% of acquisition loans in Pet Care (except Veterinary) Services on this site.
  • Average acquisition loan in Pet Care (except Veterinary) Services: $1,325,264.
  • 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