Maine School Solutions, LLC
Maine School Solutions, LLC, located in Belgrade, Maine, operates in the Elementary and Secondary Schools industry (NAICS 611110). The company financed real estate or equipment through an SBA 504 loan of $1,223,000 approved on October 3, 2024, through Kennebec Savings Bank and Granite State Economic Development Corporation.
SBA 504 loan, approved Oct 3, 2024
$1,223,000 SBA portionCDC: Granite State Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,223,000
- Bank portion
- $1,702,500
- Estimated project size
- $3,250,556 (estimated)
- Estimated owner equity
- $325,056 (estimated, about 10% of the project)
- Bank lender
- Kennebec Savings Bank, Augusta, ME
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 3, 2049 (estimated, approval date plus term)
- First disbursement
- Sep 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 611110, Elementary and Secondary Schools
- Project location
- Kennebec County, ME
- SBA district office
- Maine District Office
- Congressional district
- ME-2
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 12% 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 Maine: $2,027,182.
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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