Cottage Seven Academy
Cottage Seven Academy, located in Phoenixville, PA, operates in the Elementary and Secondary Schools industry (NAICS 611110). The company financed real estate or equipment through an SBA 504 loan of $1,478,000, with QNB Bank as the lending bank and Empire State Certified Development Corporation as the CDC, with approval dated February 21, 2024.
SBA 504 loan, approved Feb 21, 2024
$1,478,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,478,000
- Bank portion
- $1,805,000
- Estimated project size
- $3,647,778 (estimated)
- Estimated owner equity
- $364,778 (estimated, about 10% of the project)
- Bank lender
- QNB Bank, Quakertown, PA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 21, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 611110, Elementary and Secondary Schools
- Project location
- Chester County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-4
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 34% 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 Pennsylvania: $2,212,724.
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 Pennsylvania
- Goddard School of Riverton, Pittsburgh