Main Street Registry

Kiddie Academy of Avon Lake

Avon Lake, OH · Child Care Services · NAICS 624410

Kiddie Academy of Avon Lake is a child care services business in Avon Lake, Ohio, classified under NAICS code 624410. The company financed real estate or equipment through an SBA 504 loan approved on January 2, 2025, with Bank Five Nine as the lender and Alloy Development Co., Inc. as the certified development company.

SBA 504 loan, approved Jan 2, 2025

$1,090,000 SBA portionCDC: Alloy Development Co., Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,090,000
Bank portion
$1,325,000
Estimated project size
$2,683,333 (estimated)
Estimated owner equity
$268,333 (estimated, about 10% of the project)
Bank lender
Bank Five Nine, Oconomowoc, WI
CDC
Alloy Development Co., Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
January 2, 2050 (estimated, approval date plus term)
First disbursement
Apr 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
624410, Child Care Services
Franchise
Kiddie Academy
Project location
Lorain County, OH
SBA district office
Columbus District Office
Congressional district
OH-9
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 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