Kiddie Academy of Manor
Kiddie Academy of Manor is an elementary and secondary school business located in Manor, Texas, in the Elementary and Secondary Schools industry. The company financed real estate or equipment through an SBA 504 loan with a $2,801,000 SBA portion, approved on September 17, 2024, through the lender Bank Five Nine and the certified development company Greater East Texas Certified Development Company.
SBA 504 loan, approved Sep 17, 2024
$2,801,000 SBA portionCDC: Greater East Texas Certified Development Company25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,801,000
- Bank portion
- $3,543,500
- Estimated project size
- $7,049,444 (estimated)
- Estimated owner equity
- $704,944 (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
- September 17, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 24
- Business type
- Corporation
- NAICS
- 611110, Elementary and Secondary Schools
- Franchise
- Kiddie Academy
- Project location
- Travis County, TX
- SBA district office
- San Antonio District Office
- Congressional district
- TX-10
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 76% 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 Texas: $2,316,979.
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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