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Pinnacle Montessori at Crown Ridge

San Antonio, TX · All Other Miscellaneous Schools and Instruction · NAICS 611699

Pinnacle Montessori at Crown Ridge is located in San Antonio, Texas, and is classified under the NAICS industry All Other Miscellaneous Schools and Instruction. It is a franchise of Pinnacle Montessori and was financed with an SBA 7(a) loan for a change of ownership, totaling $4,241,500, approved on January 8, 2024, by Bank Five Nine. The SBA-reported job count for this loan is 25.

SBA 7(a) loan, change of ownership, approved Jan 8, 2024

$4,241,500 approvedLender: Bank Five Nine25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,241,500
SBA-guaranteed amount
$3,181,125 (75% of the approval)
Lender
Bank Five Nine, Oconomowoc, WI
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
January 8, 2049 (estimated, approval date plus term)
Estimated monthly payment
$37,058 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 30, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
611699, All Other Miscellaneous Schools and Instruction
Franchise
Pinnacle Montessori
Project location
Bexar County, TX
SBA district office
San Antonio District Office
Congressional district
TX-20
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 91% of acquisition loans in All Other Miscellaneous Schools and Instruction on this site.
  • Average acquisition loan in All Other Miscellaneous Schools and Instruction: $2,006,618.
  • Average acquisition loan in Texas: $1,944,682.

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 Texas