Primrose School of Twin Hickory
Primrose School of Twin Hickory is an elementary and secondary school business located in Glen Allen, VA, in the Elementary and Secondary Schools industry. The company financed real estate or equipment through an SBA 504 loan of $1,779,000, approved on March 29, 2024, with Live Oak Banking Company as the bank partner and 504 Capital Corporation as the certified development company. The loan was reported with 20 jobs.
SBA 504 loan, approved Mar 29, 2024
$1,779,000 SBA portionCDC: 504 Capital Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,779,000
- Bank portion
- $2,173,659
- Estimated project size
- $4,391,843 (estimated)
- Estimated owner equity
- $439,184 (estimated, about 10% of the project)
- Bank lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- March 29, 2049 (estimated, approval date plus term)
- First disbursement
- Aug 13, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 611110, Elementary and Secondary Schools
- Project location
- Henrico County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 49% 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 Virginia: $1,938,955.
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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