Main Street Registry

Explorers of North Lewisville LLC

Lewisville, TX · Child Care Services · NAICS 624410

Explorers of North Lewisville LLC is a child care services business in Lewisville, Texas, in the child care services industry. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $3,796,400, approved on July 14, 2025, by Plains State Bank. The loan records list the business as a franchise, the Primrose Schools brand, and report 27 jobs.

SBA 7(a) loan, change of ownership, approved Jul 14, 2025

$3,796,400 approvedLender: Plains State Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,796,400
SBA-guaranteed amount
$2,847,300 (75% of the approval)
Lender
Plains State Bank, Humble, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
6.25%, fixed
Term
25 years (300 months)
Estimated maturity
July 14, 2050 (estimated, approval date plus term)
Estimated monthly payment
$25,044 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 23, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
27
Business type
Corporation
NAICS
624410, Child Care Services
Franchise
Primrose Schools
Project location
Denton County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-26
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 90% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Texas: $1,944,682.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Texas