Main Street Registry

Primrose School of Glen Kernan

Jacksonville, FL · Child and Youth Services · NAICS 624110

Primrose School of Glen Kernan, a franchise in Jacksonville, Florida, in the Child and Youth Services industry (NAICS 624110), financed real estate or equipment through an SBA 504 loan of $2,471,000. The loan was approved on July 23, 2024, with Wells Fargo Bank National Association as the lender and Florida Business Development Corporation as the certified development company.

SBA 504 loan, approved Jul 23, 2024

$2,471,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,471,000
Bank portion
$4,828,800
Estimated project size
$8,110,889 (estimated)
Estimated owner equity
$811,089 (estimated, about 10% of the project)
Bank lender
Wells Fargo Bank National Association, Sioux Falls, SD
CDC
Florida Business Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
July 23, 2049 (estimated, approval date plus term)
First disbursement
Oct 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
23
Business type
Corporation
NAICS
624110, Child and Youth Services
Franchise
Primrose Schools
Project location
Duval County, FL
SBA district office
North Florida District Office
Congressional district
FL-4
Collateral
Yes

Estimated share of project by source

Bank 60% SBA (CDC) 30% Owner 10%

  • Larger than 76% of expansion loans in Child and Youth Services on this site.
  • Average expansion loan in Child and Youth Services: $2,025,529.
  • Average expansion loan in Florida: $2,058,496.

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 Florida