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Early Discovery Learning Academy LLC

Stanhope, NJ · Child Care Services · NAICS 624410

Early Discovery Learning Academy LLC is located in Stanhope, NJ, and the SBA lists its industry as Child Care Services. It was approved for an SBA 7(a) loan of $998,000 for a change of ownership on October 4, 2023.

SBA 7(a) loan, change of ownership, approved Oct 4, 2023

Gross approval
$998,000
SBA-guaranteed amount
$748,500 (75% of the approval)
Lender
Wilmington Savings Fund Society FSB, Wilmington, DE
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
15 years (180 months)
Estimated maturity
October 4, 2038 (estimated, approval date plus term)
Estimated monthly payment
$11,032 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 15, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Sussex County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 New Jersey