Main Street Registry

Kids R Kids Learning Academy of Legacy

Frisco, TX · Child Care Services · NAICS 624410

Kids R Kids Learning Academy of Legacy is a child care services business located in Frisco, Texas, in the child care services industry. The company financed real estate or equipment through an SBA 504 loan of $3,220,000, with T Bank, National Association as the bank partner and North Texas Certified Development Corporation as the certified development company, with approval dated December 5, 2023.

SBA 504 loan, approved Dec 5, 2023

$3,220,000 SBA portionCDC: North Texas Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,220,000
Bank portion
$3,934,917
Estimated project size
$7,949,908 (estimated)
Estimated owner equity
$794,991 (estimated, about 10% of the project)
Bank lender
T Bank, National Association, Dallas, TX
CDC
North Texas Certified Development Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
December 5, 2048 (estimated, approval date plus term)
First disbursement
Aug 14, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
39
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Collin County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-3
Collateral
Yes

Estimated share of project by source

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

  • Larger than 95% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in Texas: $2,316,979.

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 Texas