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The Cross, School of Education

Walnut, CA · Child Care Services · NAICS 624410

The Cross, School of Education is a child care services business in Walnut, CA, classified under NAICS 624410. The business financed real estate or equipment through an SBA 504 loan of $1,607,000 approved on March 4, 2024, through CalPrivate Bank and California Statewide Certified Development Corporation.

SBA 504 loan, approved Mar 4, 2024

$1,607,000 SBA portionCDC: California Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,607,000
Bank portion
$1,570,000
Estimated project size
$3,530,000 (estimated)
Estimated owner equity
$353,000 (estimated, about 10% of the project)
Bank lender
CalPrivate Bank, La Jolla, CA
CDC
California Statewide Certified Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
March 4, 2049 (estimated, approval date plus term)
First disbursement
May 15, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-32
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 38% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in California: $2,161,468.

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 California