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University Academy, LLC

Margate, FL · Child Care Services · NAICS 624410

University Academy, LLC is a child care services business in Margate, FL, operating in the child care services industry (NAICS 624410). The company was approved for an SBA 504 loan of $1,123,000 with Bank Five Nine and Florida First Capital Finance Corporation, Inc. on October 28, 2024, to finance real estate or equipment; the loan has not been funded.

SBA 504 loan, approved Oct 28, 2024

$1,123,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,123,000
Bank portion
$1,462,500
Estimated project size
$2,872,778 (estimated)
Estimated owner equity
$287,278 (estimated, about 10% of the project)
Bank lender
Bank Five Nine, Oconomowoc, WI
CDC
Florida First Capital Finance Corporation, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
October 28, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
14
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Broward County, FL
SBA district office
South Florida District Office
Congressional district
FL-20
Collateral
Yes

Estimated share of project by source

Bank 51% SBA (CDC) 39% Owner 10%

  • Larger than 9% 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