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Rhythm and Rhyme Child Care Center, Inc.

Warwick, NY · Child Care Services · NAICS 624410

Rhythm and Rhyme Child Care Center, Inc. is a child care services business in Warwick, NY, classified under NAICS code 624410. The company was financed with an SBA 7(a) loan for a change of ownership totaling $826,000, approved on February 19, 2025 through Beacon Bank and Trust.

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

$826,000 approvedLender: Beacon Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$826,000
SBA-guaranteed amount
$619,500 (75% of the approval)
Lender
Beacon Bank and Trust, Brookline, MA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
February 19, 2035 (estimated, approval date plus term)
Estimated monthly payment
$11,030 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 28, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Orange County, NY
SBA district office
New York District Office
Congressional district
NY-18
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 32% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in New York: $1,771,512.

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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