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The Goddard School of Morgantown

Morgantown, PA · Child Care Services · NAICS 624410

The Goddard School of Morgantown is a child care services business in Morgantown, Pennsylvania, classified under NAICS code 624410. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2,265,000, approved on October 12, 2024, through Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Oct 12, 2024

$2,265,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,265,000
SBA-guaranteed amount
$1,698,750 (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
9.5%, variable
Term
25 years (300 months)
Estimated maturity
October 12, 2049 (estimated, approval date plus term)
Estimated monthly payment
$19,789 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 1, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
46
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Berks County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 77% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Pennsylvania: $1,636,965.

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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