Main Street Registry

Legacy Day Care

The Colony, TX · Elementary and Secondary Schools · NAICS 611110

Legacy Day Care is an elementary and secondary school business located in The Colony, Texas, classified under NAICS 611110. The company financed real estate or equipment through an SBA 504 loan of $1,365,000, with a loan approval date of July 9, 2024, and the loan was made through Fifth Third Bank and the Greater East Texas Certified Development Company.

SBA 504 loan, approved Jul 9, 2024

$1,365,000 SBA portionCDC: Greater East Texas Certified Development Company25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,365,000
Bank portion
$1,664,750
Estimated project size
$3,366,389 (estimated)
Estimated owner equity
$336,639 (estimated, about 10% of the project)
Bank lender
Fifth Third Bank, Cincinnati, OH
CDC
Greater East Texas Certified Development Company
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
July 9, 2049 (estimated, approval date plus term)
First disbursement
Dec 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
611110, Elementary and Secondary Schools
Project location
Denton County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-24
Collateral
Yes

Estimated share of project by source

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

  • Larger than 25% 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 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