Main Street Registry

LIL Patriots Academy Daycare and Early Learning Center 2 LLC

Puyallup, WA · Child Care Services · NAICS 624410

LIL Patriots Academy Daycare and Early Learning Center 2 LLC is a child care services business located in Puyallup, Washington, in the NAICS 624410 industry. The company was financed with an SBA 7(a) loan for a change of ownership of $540,000, approved on November 10, 2023 by Gesa CU.

SBA 7(a) loan, change of ownership, approved Nov 10, 2023

$540,000 approvedLender: Gesa CU25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$540,000
SBA-guaranteed amount
$405,000 (75% of the approval)
Lender
Gesa CU, Richland, WA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
November 10, 2048 (estimated, approval date plus term)
Estimated monthly payment
$4,718 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 15, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Pierce County, WA
SBA district office
Seattle District Office
Congressional district
WA-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 8% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Washington: $1,784,595.

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 Washington