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Kiddie Academy of New Lenox

New Lenox, IL · Child Care Services · NAICS 624410

Kiddie Academy of New Lenox is a child care services business in New Lenox, Illinois, in the NAICS category for child day care services. It is a Kiddie Academy franchise and was financed with an SBA 504 loan that financed real estate or equipment through an SBA 504 loan, with an SBA portion of $1,842,000, a total project amount of $2,167,037, and a bank partner of FNBC Bank and Trust. The loan was approved on January 14, 2025.

SBA 504 loan, approved Jan 14, 2025

$1,842,000 SBA portionCDC: SomerCor 504, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,842,000
Bank portion
$2,167,037
Estimated project size
$4,454,486 (estimated)
Estimated owner equity
$445,449 (estimated, about 10% of the project)
Bank lender
FNBC Bank and Trust, La Grange, IL
CDC
SomerCor 504, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
January 14, 2050 (estimated, approval date plus term)
First disbursement
May 14, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
37
Business type
Corporation
NAICS
624410, Child Care Services
Franchise
Kiddie Academy
Project location
Will County, IL
SBA district office
Illinois District Office
Congressional district
IL-1
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 50% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in Illinois: $2,310,827.

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 Illinois