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Primrose School of Naperville at 75th Street

Naperville, IL · Child Care Services · NAICS 624410

Primrose School of Naperville at 75th Street is a child care services business in Naperville, Illinois, classified under NAICS code 624410. It financed real estate or equipment through an SBA 504 loan of $2,711,000, approved on May 1, 2025, with Live Oak Banking Company as the lending bank and SomerCor 504, Inc. as the certified development company.

SBA 504 loan, approved May 1, 2025

$2,711,000 SBA portionCDC: SomerCor 504, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,711,000
Bank portion
$3,839,000
Estimated project size
$7,277,778 (estimated)
Estimated owner equity
$727,778 (estimated, about 10% of the project)
Bank lender
Live Oak Banking Company, Wilmington, NC
CDC
SomerCor 504, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 1, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
25
Business type
Corporation
NAICS
624410, Child Care Services
Franchise
Primrose Schools
Project location
Dupage County, IL
SBA district office
Illinois District Office
Congressional district
IL-11
Collateral
Yes

Estimated share of project by source

Bank 53% SBA (CDC) 37% Owner 10%

  • Larger than 82% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in Illinois: $2,310,827.

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 Illinois