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The TEA Center Preschool

McLean, VA · Child Care Services · NAICS 624410

The TEA Center Preschool in McLean, Virginia operates in the child care services industry (NAICS 624410). The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,436,000, approved on November 18, 2024, with Capital Bank, National Association as the lender and Business Finance Group, Inc. as the certified development company.

SBA 504 loan, approved Nov 18, 2024

$2,436,000 SBA portionCDC: Business Finance Group, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,436,000
Bank portion
$2,975,000
Estimated project size
$6,012,222 (estimated)
Estimated owner equity
$601,222 (estimated, about 10% of the project)
Bank lender
Capital Bank, National Association, Rockville, MD
CDC
Business Finance Group, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
November 18, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
5
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Fairfax County, VA
SBA district office
Washington District Office
Congressional district
VA-8
Collateral
Yes

Estimated share of project by source

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

  • Larger than 75% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • 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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Same industry in Virginia