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Prodigy Academie Waldwick Inc

Waldwick, NJ · Child Care Services · NAICS 624410

Prodigy Academie Waldwick Inc is a child care services business in Waldwick, New Jersey, classified under NAICS 624410. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,025,000, approved on April 19, 2024, with M&T Bank Corporation as the bank partner and Trenton Business Assistance Corporation as the certified development company.

SBA 504 loan, approved Apr 19, 2024

$1,025,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,025,000
Bank portion
$1,226,250
Estimated project size
$2,501,389 (estimated)
Estimated owner equity
$250,139 (estimated, about 10% of the project)
Bank lender
M&T Bank Corporation, Buffalo, NY
CDC
Trenton Business Assistance Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
April 19, 2049 (estimated, approval date plus term)
First disbursement
Nov 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Bergen County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-5
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 2% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in New Jersey: $2,533,058.

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 New Jersey