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Michel Invest LLC

Lake Park, FL · Child Care Services · NAICS 624410

Michel Invest LLC is a child care services business in Lake Park, Florida, classified under NAICS code 624410. The company was approved for an SBA 504 loan with a SBA portion of $2,971,000 to finance real estate or equipment through an SBA 504 loan, with Bank Five Nine as the bank partner and Florida First Capital Finance Corporation, Inc. as the certified development company, and the approval date was January 23, 2025.

SBA 504 loan, approved Jan 23, 2025

$2,971,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,971,000
Bank portion
$3,630,000
Estimated project size
$7,334,444 (estimated)
Estimated owner equity
$733,444 (estimated, about 10% of the project)
Bank lender
Bank Five Nine, Oconomowoc, WI
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
January 23, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
35
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Palm Beach County, FL
SBA district office
South Florida District Office
Congressional district
FL-18
Collateral
Yes

Estimated share of project by source

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

  • Larger than 89% 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