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1st Step to Greatness, LLC

Phoenix, AZ · Child Care Services · NAICS 624410

1st Step to Greatness, LLC is a child care services business located in Phoenix, Arizona, in the child care services industry (NAICS 624410). The business was approved for an SBA 504 loan, which financed real estate or equipment through an SBA 504 loan with a SBA portion of $1,591,000, with First Fidelity Bank as the lender and April 23, 2024 as the approval date.

SBA 504 loan, approved Apr 23, 2024

$1,591,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,591,000
Bank portion
$2,066,443
Estimated project size
$4,063,826 (estimated)
Estimated owner equity
$406,383 (estimated, about 10% of the project)
Bank lender
First Fidelity Bank, Oklahoma City, OK
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 23, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
30
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Maricopa County, AZ
SBA district office
Arizona District Office
Congressional district
AZ-7
Collateral
Yes

Estimated share of project by source

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

  • Larger than 36% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in Arizona: $2,074,452.

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 Arizona