Main Street Registry

ABC's & 123's, Incorporated

Speedway, IN · Child Care Services · NAICS 624410

ABC's & 123's, Incorporated is a child care services business located in Speedway, Indiana. The company was approved for an SBA 504 loan of $1,944,000, financed through Old National Bank and the Indiana Statewide Certified Development Corporation, with the approval dated November 26, 2024.

SBA 504 loan, approved Nov 26, 2024

$1,944,000 SBA portionCDC: Indiana Statewide Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,944,000
Bank portion
$2,850,000
Estimated project size
$5,326,667 (estimated)
Estimated owner equity
$532,667 (estimated, about 10% of the project)
Bank lender
Old National Bank, Evansville, IN
CDC
Indiana Statewide Certified Development Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
November 26, 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
Marion County, IN
SBA district office
Indiana District Office
Congressional district
IN-7
Collateral
Yes

Estimated share of project by source

Bank 54% SBA (CDC) 36% Owner 10%

  • Larger than 55% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in Indiana: $2,227,963.

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 Indiana