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Karter School of Ashburn Inc.

Ashburn, VA · Child Care Services · NAICS 624410

Karter School of Ashburn Inc. is a child care services business located in Ashburn, Virginia, classified under NAICS code 624410. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,209,000, approved by First Citizens BancShares Inc on May 19, 2025, with Business Finance Group, Inc. as the certified development company.

SBA 504 loan, approved May 19, 2025

$1,209,000 SBA portionCDC: Business Finance Group, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,209,000
Bank portion
$1,836,000
Estimated project size
$3,383,333 (estimated)
Estimated owner equity
$338,333 (estimated, about 10% of the project)
Bank lender
First Citizens BancShares Inc, Raleigh, NC
CDC
Business Finance Group, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 19, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
16
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Loudoun County, VA
SBA district office
Washington District Office
Congressional district
VA-10
Collateral
Yes

Estimated share of project by source

Bank 54% SBA (CDC) 36% Owner 10%

  • Larger than 16% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in Virginia: $1,938,955.

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 Virginia