Main Street Registry

My Kid Therapy Center, Corp

Homestead, FL · Offices of Mental Health Practitioners (except Physicians) · NAICS 621330

My Kid Therapy Center, Corp is located in Homestead, Florida, and operates in the offices of mental health practitioners, excluding physicians. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,108,000, approved on October 3, 2024, with Bank of America, National Association as the lending bank and Florida Business Development Corporation as the certified development company.

SBA 504 loan, approved Oct 3, 2024

$1,108,000 SBA portionCDC: Florida Business Development Corporation20 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,108,000
Bank portion
$1,225,000
Estimated project size
$2,592,222 (estimated)
Estimated owner equity
$259,222 (estimated, about 10% of the project)
Bank lender
Bank of America, National Association, Charlotte, NC
CDC
Florida Business Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
20 years (240 months)
Estimated maturity
October 3, 2044 (estimated, approval date plus term)
First disbursement
Mar 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
621330, Offices of Mental Health Practitioners (except Physicians)
Project location
Miami-Dade County, FL
SBA district office
South Florida District Office
Congressional district
FL-26
Collateral
Yes

Estimated share of project by source

Bank 47% SBA (CDC) 43% Owner 10%

  • Larger than 40% of expansion loans in Offices of Mental Health Practitioners (except Physicians) on this site.
  • Average expansion loan in Offices of Mental Health Practitioners (except Physicians): $1,423,150.
  • 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