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Ephphatha Real Estate LLC

Obetz, OH · Child Care Services · NAICS 624410

Ephphatha Real Estate LLC, located in Obetz, Ohio, operates in the child care services industry (NAICS 624410). The company financed real estate or equipment through an SBA 504 loan of $1,704,000, approved on September 3, 2024, through General Electric Credit Union with Alloy Development Co., Inc. as the certified development company.

SBA 504 loan, approved Sep 3, 2024

$1,704,000 SBA portionCDC: Alloy Development Co., Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,704,000
Bank portion
$2,158,517
Estimated project size
$4,291,686 (estimated)
Estimated owner equity
$429,169 (estimated, about 10% of the project)
Bank lender
General Electric Credit Union, Cincinnati, OH
CDC
Alloy Development Co., Inc.
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
September 3, 2049 (estimated, approval date plus term)
First disbursement
Apr 15, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
22
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Franklin County, OH
SBA district office
Columbus District Office
Congressional district
OH-3
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Larger than 42% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in Ohio: $2,096,556.

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 Ohio