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Little Sages Learning Center

Monticello, IL · Child Care Services · NAICS 624410

Little Sages Learning Center is a child care services business located in Monticello, Illinois, classified under NAICS code 624410. The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,637,000, with First State Bank and Trust as the lender and an approval date of January 9, 2024.

SBA 504 loan, approved Jan 9, 2024

$1,637,000 SBA portionCDC: Small Business Growth Corporation20 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,637,000
Bank portion
$1,999,550
Estimated project size
$4,040,611 (estimated)
Estimated owner equity
$404,061 (estimated, about 10% of the project)
Bank lender
First State Bank and Trust, Monticello, IL
CDC
Small Business Growth Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
20 years (240 months)
Estimated maturity
January 9, 2044 (estimated, approval date plus term)
First disbursement
Apr 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Piatt County, IL
SBA district office
Illinois District Office
Congressional district
IL-13
Collateral
Yes

Estimated share of project by source

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

  • Larger than 39% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in Illinois: $2,310,827.

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 Illinois