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St. Dominick Day Care Corp.

Mount Prospect, IL · Child Care Services · NAICS 624410

St. Dominick Day Care Corp. is a child care services business in Mount Prospect, Illinois, classified under NAICS code 624410. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1,172,800, approved on December 12, 2023, through Old National Bank.

SBA 7(a) loan, change of ownership, approved Dec 12, 2023

$1,172,800 approvedLender: Old National Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,172,800
SBA-guaranteed amount
$879,600 (75% of the approval)
Lender
Old National Bank, Evansville, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, fixed
Term
25 years (300 months)
Estimated maturity
December 12, 2048 (estimated, approval date plus term)
Estimated monthly payment
$8,858 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 20, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
19
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-08
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 47% of acquisition loans in Child Care Services on this site.
  • Average acquisition loan in Child Care Services: $1,662,827.
  • Average acquisition loan in Illinois: $1,796,780.

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 Illinois