Advance Preschool, Inc.
Advance Preschool, Inc. is located in Hoffman Estates, IL, and the SBA lists its industry as Child Care Services. It was approved for an SBA 504 loan ($1,556,000 SBA portion) on September 9, 2025 to finance real estate or equipment.
SBA 504 loan, approved Sep 9, 2025
- SBA (CDC) portion
- $1,556,000
- Bank portion
- $1,900,000
- Estimated project size
- $3,840,000 (estimated)
- Estimated owner equity
- $384,000 (estimated, about 10% of the project)
- Bank lender
- Libertyville Bank & Trust Company, National Association, Libertyville, IL
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 9, 2050 (estimated, approval date plus term)
- First disbursement
- Feb 11, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 624410, Child Care Services
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-8
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 33% of expansion loans in Child Care Services on this site.
- Average expansion loan in Child Care Services: $1,977,874.
- Average expansion loan in Illinois: $2,310,827.
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
- Lu's Garden Childcare and Learning Center LLC, Crete
- Kiddie's Play Group VI, LLC, Algonquin
- NIKA Ventures LLC, Lockport
- Mokena Early Learning Group LLC, Mokena
- Childrens Garden Inc., Carlinville
- ECOLE 360 Palatine, Palatine
- The Goddard School of Elgin, Elgin
- Kiddie's Play Group XI, LLC, Elmhurst