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Summitt CRE Holdings LLC

Fort Washington, PA · Child Care Services · NAICS 624410

Summitt CRE Holdings LLC, located in Fort Washington, PA, operates in the child care services industry (NAICS 624410). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,515,000, approved on January 2, 2025, with Provident Bank as the lender and Trenton Business Assistance Corporation as the certified development company.

SBA 504 loan, approved Jan 2, 2025

$1,515,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,515,000
Bank portion
$1,865,000
Estimated project size
$3,755,556 (estimated)
Estimated owner equity
$375,556 (estimated, about 10% of the project)
Bank lender
Provident Bank, Jersey City, NJ
CDC
Trenton Business Assistance Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
January 2, 2050 (estimated, approval date plus term)
First disbursement
May 14, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
32
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Montgomery County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-4
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Larger than 32% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in Pennsylvania: $2,212,724.

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 Pennsylvania