Olive Grove Nature School, LLC
Olive Grove Nature School, LLC is a business in Rogers, AR, in the Elementary and Secondary Schools industry. It financed real estate or equipment through an SBA 504 loan of $1,748,000, with approval dated July 1, 2024, through Legacy National Bank and the certified development company Rural Missouri, Inc.
SBA 504 loan, approved Jul 1, 2024
$1,748,000 SBA portionCDC: Rural Missouri, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,748,000
- Bank portion
- $1,920,509
- Estimated project size
- $4,076,121 (estimated)
- Estimated owner equity
- $407,612 (estimated, about 10% of the project)
- Bank lender
- Legacy National Bank, Springdale, AR
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 1, 2049 (estimated, approval date plus term)
- First disbursement
- Feb 11, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 611110, Elementary and Secondary Schools
- Project location
- Benton County, AR
- SBA district office
- Arkansas District Office
- Congressional district
- AR-3
- Collateral
- Yes
Estimated share of project by source
Bank 47% SBA (CDC) 43% Owner 10%
- Larger than 46% 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 Arkansas: $2,094,333.
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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