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The Goddard School of East Hanover

East Hanover, NJ · Child Care Services · NAICS 624410

The Goddard School of East Hanover is a child care services business in East Hanover, New Jersey, classified under NAICS code 624410. It is a franchise of The Goddard School and has been in operation for more than two years. The company received approval for an SBA 504 loan with an SBA portion of $3.

SBA 504 loan, approved Jul 16, 2025

$3,110,000 SBA portionCDC: Empire State Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$3,110,000
Bank portion
$3,675,000
Estimated project size
$7,538,889 (estimated)
Estimated owner equity
$753,889 (estimated, about 10% of the project)
Bank lender
TD Bank, National Association, Wilmington, DE
CDC
Empire State Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
July 16, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
21
Business type
Corporation
NAICS
624410, Child Care Services
Franchise
The Goddard School
Project location
Morris County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-11
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 93% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in New Jersey: $2,533,058.

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 New Jersey