Main Street Registry

Starfish Scholars of Valrico

Lake Worth, FL · Child Care Services · NAICS 624410

Starfish Scholars of Valrico, located in Lake Worth, FL, operates in child care services under NAICS code 624410. The company financed real estate or equipment through an SBA 504 loan of $2,420,000 approved on March 31, 2025, with Truist Bank as the lender and Florida Business Development Corporation as the certified development company.

SBA 504 loan, approved Mar 31, 2025

$2,420,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,420,000
Bank portion
$2,673,449
Estimated project size
$5,659,388 (estimated)
Estimated owner equity
$565,939 (estimated, about 10% of the project)
Bank lender
Truist Bank, Charlotte, NC
CDC
Florida Business Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
March 31, 2050 (estimated, approval date plus term)
First disbursement
Aug 13, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Hillsborough County, FL
SBA district office
South Florida District Office
Congressional district
FL-15
Collateral
Yes

Estimated share of project by source

Bank 47% SBA (CDC) 43% Owner 10%

  • Larger than 74% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • 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