Main Street Registry

Little Scholars Academy of Lake Norman LLC

Huntersville, NC · Child Care Services · NAICS 624410

Little Scholars Academy of Lake Norman LLC is a child care services business in Huntersville, NC, classified under NAICS 624410. The company financed real estate or equipment through an SBA 504 loan of $1,535,000, approved on December 6, 2025, with First-Citizens Bank & Trust Company as the partner bank and Business Expansion Funding Corporation as the certified development company.

SBA 504 loan, approved Dec 6, 2025

$1,535,000 SBA portionCDC: Business Expansion Funding Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,535,000
Bank portion
$1,864,000
Estimated project size
$3,776,667 (estimated)
Estimated owner equity
$377,667 (estimated, about 10% of the project)
Bank lender
First-Citizens Bank & Trust Company, Raleigh, NC
CDC
Business Expansion Funding Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 6, 2050 (estimated, approval date plus term)
First disbursement
Jun 17, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Mecklenburg County, NC
SBA district office
North Carolina District Office
Congressional district
NC-8
Collateral
Yes

Estimated share of project by source

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

  • Larger than 32% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in North Carolina: $2,167,577.

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 North Carolina