Worldkids School
Worldkids School, located in Seattle, Washington, is classified under the industry Elementary and Secondary Schools (NAICS 611110). The company financed real estate or equipment through an SBA 504 loan of $1,145,000 approved April 6, 2024, through First-Citizens Bank & Trust Company, and a second SBA 504 loan of $4,004,000 approved July 30, 2024, through the same lender.
SBA 504 loan, approved Jul 30, 2024
$4,004,000 SBA portionCDC: Northwest Business Development Association25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $4,004,000
- Bank portion
- $4,902,586
- Estimated project size
- $9,896,207 (estimated)
- Estimated owner equity
- $989,621 (estimated, about 10% of the project)
- Bank lender
- First-Citizens Bank & Trust Company, Raleigh, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 30, 2049 (estimated, approval date plus term)
- First disbursement
- Oct 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 611110, Elementary and Secondary Schools
- Project location
- King County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-7
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 91% of expansion loans in Elementary and Secondary Schools on this site.
- Average expansion loan in Elementary and Secondary Schools: $2,129,925.
- Average expansion loan in Washington: $2,234,716.
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.
SBA 504 loan, approved Apr 6, 2024
$1,145,000 SBA portionCDC: Northwest Business Development Association25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,145,000
- Bank portion
- $1,567,210
- Estimated project size
- $3,013,567 (estimated)
- Estimated owner equity
- $301,357 (estimated, about 10% of the project)
- Bank lender
- First-Citizens Bank & Trust Company, Raleigh, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 6, 2049 (estimated, approval date plus term)
- First disbursement
- Feb 11, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 611110, Elementary and Secondary Schools
- Project location
- Pierce County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-6
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 6% of expansion loans in Elementary and Secondary Schools on this site.
- Average expansion loan in Elementary and Secondary Schools: $2,129,925.
- Average expansion loan in Washington: $2,234,716.
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.
Same industry in Washington
- The Goddard School, Redmond