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Let's Be Friends Academy Mandarin LLC

Jacksonville, FL · Child Care Services · NAICS 624410

Let's Be Friends Academy Mandarin LLC is a child care services business located in Jacksonville, Florida, classified under NAICS code 624410. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,133,000, with The Bancorp Bank National Association as the lender and Florida First Capital Finance Corporation, Inc. as the certified development company, and the loan was approved on February 5, 2026.

SBA 504 loan, approved Feb 5, 2026

$1,133,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,133,000
Bank portion
$1,329,000
Estimated project size
$2,735,556 (estimated)
Estimated owner equity
$273,556 (estimated, about 10% of the project)
Bank lender
The Bancorp Bank National Association, Sioux Falls, SD
CDC
Florida First Capital Finance Corporation, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 5, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
21
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Duval County, FL
SBA district office
North Florida District Office
Congressional district
FL-4
Collateral
Yes

Estimated share of project by source

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

  • Larger than 11% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in Florida: $2,058,496.

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 Florida