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Drop of Love Childcare LLC

Orlando, FL · Child Care Services · NAICS 624410

Drop of Love Childcare LLC is a child care services business located in Orlando, Florida, classified under NAICS code 624410 (Child Day Care Services). The company was financed with an SBA 7(a) loan for a change of ownership of $740,000, approved on November 22, 2024, through Citizens Bank, and the loan is reported with 8 jobs.

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

$740,000 approvedLender: Citizens Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$740,000
SBA-guaranteed amount
$555,000 (75% of the approval)
Lender
Citizens Bank, Elizabethton, TN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
25 years (300 months)
Estimated maturity
November 22, 2049 (estimated, approval date plus term)
Estimated monthly payment
$7,119 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 8, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Orange County, FL
SBA district office
North Florida District Office
Congressional district
FL-10
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 26% 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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Same industry in Florida