Main Street Registry

Montessori Academy of Culver City

Culver City, CA · Child Care Services · NAICS 624410

Montessori Academy of Culver City, located in Culver City, California, operates in the child care services industry (NAICS 624410). The business was financed with an SBA 504 loan that supported real estate or equipment, with an SBA portion of $1,721,000 approved on May 30, 2024, through Beneficial State Bank and The Mortgage Capital Development Corporation.

SBA 504 loan, approved May 30, 2024

$1,721,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,721,000
Bank portion
$2,100,000
Estimated project size
$4,245,556 (estimated)
Estimated owner equity
$424,556 (estimated, about 10% of the project)
Bank lender
Beneficial State Bank, Oakland, CA
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 30, 2049 (estimated, approval date plus term)
First disbursement
Sep 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
27
Business type
Individual
NAICS
624410, Child Care Services
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-37
Collateral
Yes

Estimated share of project by source

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

  • Larger than 44% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in California: $2,161,468.

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 California