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Lil Mama's of Nw Georgia, LLC

Adairsville, GA · Child Care Services · NAICS 624410

Lil Mama's of Nw Georgia, LLC is a child care services business located in Adairsville, Georgia, 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 $1,822,000, approved through Millennium Bank on October 21, 2024.

SBA 7(a) loan, change of ownership, approved Oct 21, 2024

$1,822,000 approvedLender: Millennium Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,822,000
SBA-guaranteed amount
$1,366,500 (75% of the approval)
Lender
Millennium Bank, Ooltewah, TN
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10%, variable
Term
25 years (300 months)
Estimated maturity
October 21, 2049 (estimated, approval date plus term)
Estimated monthly payment
$16,557 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Bartow County, GA
SBA district office
Georgia District Office
Congressional district
GA-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 69% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Georgia: $2,017,638.

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 Georgia