The Goddard School of Blaine
The Goddard School of Blaine is an elementary and secondary school located in Blaine, Minnesota, classified under the industry Elementary and Secondary Schools. The business financed real estate or equipment through an SBA 504 loan of $1,447,000, approved on September 13, 2025, with Bank of America N.A. as the lender and Twin Cities-Metro Certified Development Company as the certified development company.
SBA 504 loan, approved Sep 13, 2025
$1,447,000 SBA portionCDC: Twin Cities-Metro Certified Development Company25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,447,000
- Bank portion
- $1,923,113
- Estimated project size
- $3,744,570 (estimated)
- Estimated owner equity
- $374,457 (estimated, about 10% of the project)
- Bank lender
- Bank of America N.a., Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 13, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 611110, Elementary and Secondary Schools
- Franchise
- The Goddard School
- Project location
- Anoka County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-3
- Collateral
- Yes
Estimated share of project by source
Bank 51% SBA (CDC) 39% Owner 10%
- Larger than 31% 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 Minnesota: $2,136,981.
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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