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N Square IV Properties, LLC

Fuquay-Varina, NC · Child Care Services · NAICS 624410

N Square IV Properties, LLC is located in Fuquay-Varina, NC, and the SBA lists its industry as Child Care Services. It was approved for an SBA 504 loan ($2,784,000 SBA portion) on April 26, 2024 to finance real estate or equipment.

SBA 504 loan, approved Apr 26, 2024

SBA (CDC) portion
$2,784,000
Bank portion
$3,400,000
Estimated project size
$6,871,111 (estimated)
Estimated owner equity
$687,111 (estimated, about 10% of the project)
Bank lender
TD Bank, National Association, Wilmington, DE
CDC
Business Expansion Funding Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 26, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
35
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Wake County, NC
SBA district office
North Carolina District Office
Congressional district
NC-2
Collateral
Yes

Estimated share of project by source

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

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 North Carolina