Legacy Academy Acworth
Legacy Academy Acworth is located in Acworth, Georgia, and operates in the elementary and secondary schools industry. It financed real estate or equipment through an SBA 504 loan of $2,046,000, approved on June 11, 2024, with Impact 504 Loan Fund LLC and the Georgia Certified Development Corporation as the participating lenders. The business is listed as existing or more than 2 years old and reports 29 jobs.
SBA 504 loan, approved Jun 11, 2024
$2,046,000 SBA portionCDC: Georgia Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,046,000
- Bank portion
- $2,500,000
- Estimated project size
- $5,051,111 (estimated)
- Estimated owner equity
- $505,111 (estimated, about 10% of the project)
- Bank lender
- Impact 504 Loan Fund LLC, Arlington, VA
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- June 11, 2049 (estimated, approval date plus term)
- First disbursement
- Aug 13, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 29
- Business type
- Corporation
- NAICS
- 611110, Elementary and Secondary Schools
- Project location
- Cobb County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-11
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 58% of expansion loans in Elementary and Secondary Schools on this site.
- Average expansion loan in Elementary and Secondary Schools: $2,129,925.
- Average expansion loan in Georgia: $2,201,121.
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 Georgia
- Primrose School of Harmony on the Lakes, Holly Springs
- Covington Academy, LLC, Covington