Elite Preparatory Academy, Inc.
Elite Preparatory Academy, Inc. is located in Orlando, FL, and the SBA lists its industry as Elementary and Secondary Schools. It was approved for an SBA 504 loan ($2,113,000 SBA portion) on December 4, 2023 to finance real estate or equipment.
SBA 504 loan, approved Dec 4, 2023
- SBA (CDC) portion
- $2,113,000
- Bank portion
- $2,559,500
- Estimated project size
- $5,191,667 (estimated)
- Estimated owner equity
- $519,167 (estimated, about 10% of the project)
- Bank lender
- Truist Bank, Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 4, 2048 (estimated, approval date plus term)
- First disbursement
- Jun 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 611110, Elementary and Secondary Schools
- Project location
- Orange County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-10
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 61% of expansion loans in Elementary and Secondary Schools on this site.
- Average expansion loan in Elementary and Secondary Schools: $2,129,925.
- Average expansion loan in Florida: $2,058,496.
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 Florida
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- Kiddie Academy of Land O' Lakes, Land O Lakes
- Prodigy Academy Advance Learning Center, LLC, Sanford
- Fruitful Learning, LLC, Wesley Chapel