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M&T Childcare LLC

Richboro, PA · Child Care Services · NAICS 624410

M&T Childcare LLC, located in Richboro, Pennsylvania, operates in the child care services industry (NAICS 624410). The company was financed with an SBA 7(a) loan for a change of ownership totaling $975,000, approved by First Bank on August 19, 2025.

SBA 7(a) loan, change of ownership, approved Aug 19, 2025

$975,000 approvedLender: First Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$975,000
SBA-guaranteed amount
$731,250 (75% of the approval)
Lender
First Bank, Hamilton, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
August 19, 2035 (estimated, approval date plus term)
Estimated monthly payment
$12,616 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 10, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Bucks County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 38% 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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Same industry in Pennsylvania