The Goddard School
The Goddard School is located in Mechanicsburg, PA, and the SBA lists its industry as Child Care Services. It was approved for an SBA 504 loan ($2,643,000 SBA portion) on November 7, 2024 to finance real estate or equipment.
SBA 504 loan, approved Nov 7, 2024
- SBA (CDC) portion
- $2,643,000
- Bank portion
- $3,225,000
- Estimated project size
- $6,520,000 (estimated)
- Estimated owner equity
- $652,000 (estimated, about 10% of the project)
- Bank lender
- Orrstown Bank, Harrisburg, PA
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- November 7, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 30
- Business type
- Individual
- NAICS
- 624410, Child Care Services
- Franchise
- The Goddard School
- Project location
- Cumberland County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-10
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 80% of expansion loans in Child Care Services on this site.
- Average expansion loan in Child Care Services: $1,977,874.
- 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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