Full Steam Ahead, Inc
Full Steam Ahead, Inc is located in Fort Mill, SC, and the SBA lists its industry as Child Care Services. It was approved for an SBA 7(a) loan of $2,875,000 for a change of ownership on February 20, 2024.
SBA 7(a) loan, change of ownership, approved Feb 20, 2024
- Gross approval
- $2,875,000
- SBA-guaranteed amount
- $2,156,250 (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
- 8.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- February 20, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $23,150 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 27
- Business type
- Corporation
- NAICS
- 624410, Child Care Services
- Project location
- York County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 84% of acquisition loans in Child Care Services on this site.
- Average acquisition loan in Child Care Services: $1,662,827.
- Average acquisition loan in South Carolina: $1,827,509.
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 South Carolina
- LSM Operations - Brickside, LLC, Mount Pleasant
- Absolutely Kids, Fort Mill
- Kiddie Academy of Tega Cay, Fort Mill
- Look What I Can Do LLC, New Ellenton
- Trinity Montessori Academy LLC, Fort Mill
- Tender Loving Care & Child Development Center, Laurens