The Goddard School of Novi
The Goddard School of Novi is an elementary and secondary school located in Novi, Michigan, in the Elementary and Secondary Schools industry. The company financed real estate or equipment through an SBA 504 loan of $4,538,000, approved on July 23, 2024, with Bank Five Nine as the lender and Michigan Certified Development Corporation as the certified development company.
SBA 504 loan, approved Jul 23, 2024
$4,538,000 SBA portionCDC: Michigan Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $4,538,000
- Bank portion
- $5,547,500
- Estimated project size
- $11,206,111 (estimated)
- Estimated owner equity
- $1,120,611 (estimated, about 10% of the project)
- Bank lender
- Bank Five Nine, Oconomowoc, WI
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 23, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 611110, Elementary and Secondary Schools
- Franchise
- The Goddard School
- Project location
- Oakland County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-11
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 96% 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 Michigan: $2,050,489.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Michigan
- Heartfelt Impressions Learning Center LLC, Lake Orion