Great Beginnings Early Learning Center, Inc.
Great Beginnings Early Learning Center, Inc. is a child care services business in Monterey, CA, classified under NAICS 624410. The company financed real estate or equipment through an SBA 504 loan of $1,079,000 (the SBA portion), approved on June 20, 2025, with Monterey County Bank as the lending bank and Bay Area Employment Development Company as the certified development company.
SBA 504 loan, approved Jun 20, 2025
- SBA (CDC) portion
- $1,079,000
- Bank portion
- $1,312,855
- Estimated project size
- $2,657,617 (estimated)
- Estimated owner equity
- $265,762 (estimated, about 10% of the project)
- Bank lender
- Monterey County Bank, Monterey, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 20, 2050 (estimated, approval date plus term)
- First disbursement
- Sep 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 624410, Child Care Services
- Project location
- Monterey County, CA
- SBA district office
- Fresno District Office
- Congressional district
- CA-20
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 8% of expansion loans in Child Care Services on this site.
- Average expansion loan in Child Care Services: $1,977,874.
- Average expansion loan in California: $2,161,468.
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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