Kiddie Academy of Northwest Las Vegas
Kiddie Academy of Northwest Las Vegas is a child care services business in Las Vegas, Nevada, classified under NAICS code 624410. The business was approved for an SBA 504 loan of $2,736,000 through a program that financed real estate or equipment, with Live Oak Banking Company as the bank partner and The Mortgage Capital Development Corporation as the certified development company, and the loan approval date is February 7, 2024.
SBA 504 loan, approved Feb 7, 2024
$2,736,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,736,000
- Bank portion
- $3,000,000
- Estimated project size
- $6,373,333 (estimated)
- Estimated owner equity
- $637,333 (estimated, about 10% of the project)
- Bank lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 7, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 35
- Business type
- Corporation
- NAICS
- 624410, Child Care Services
- Franchise
- Kiddie Academy
- Project location
- Clark County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-4
- Collateral
- Yes
Estimated share of project by source
Bank 47% SBA (CDC) 43% Owner 10%
- Larger than 82% of expansion loans in Child Care Services on this site.
- Average expansion loan in Child Care Services: $1,977,874.
- Average expansion loan in Nevada: $2,098,935.
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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