Main Street Registry

Legacy Academy Satellite

Duluth, GA · Child Care Services · NAICS 624410

Legacy Academy Satellite, located in Duluth, Georgia, operates in the child care services industry (NAICS 624410). The business financed real estate or equipment through an SBA 504 loan of $1,052,000 approved on December 1, 2023, through Pinnacle Bank and the Georgia Certified Development Corporation.

SBA 504 loan, approved Dec 1, 2023

$1,052,000 SBA portionCDC: Georgia Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,052,000
Bank portion
$1,026,375
Estimated project size
$2,309,306 (estimated)
Estimated owner equity
$230,931 (estimated, about 10% of the project)
Bank lender
Pinnacle Bank, Nashville, TN
CDC
Georgia Certified Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
December 1, 2048 (estimated, approval date plus term)
First disbursement
Apr 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
24
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Gwinnett County, GA
SBA district office
Georgia District Office
Congressional district
GA-6
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 6% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Georgia