Main Street Registry

Primrose School of Champlin Park

Brooklyn Park, MN · Child Care Services · NAICS 624410

Primrose School of Champlin Park, located in Brooklyn Park, Minnesota, operates in the child care services industry (NAICS 624410). The company financed real estate or equipment through an SBA 504 loan of $1,774,000, approved April 1, 2025, with Minnwest Bank as the lender and Amplio Economic Development Corporation as the certified development company. The business is a Primrose Schools franchise.

SBA 504 loan, approved Apr 1, 2025

$1,774,000 SBA portionCDC: Amplio Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,774,000
Bank portion
$2,166,500
Estimated project size
$4,378,333 (estimated)
Estimated owner equity
$437,833 (estimated, about 10% of the project)
Bank lender
Minnwest Bank, Redwood Falls, MN
CDC
Amplio Economic Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 1, 2050 (estimated, approval date plus term)
First disbursement
Apr 15, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
624410, Child Care Services
Franchise
Primrose Schools
Project location
Hennepin County, MN
SBA district office
Minnesota District Office
Congressional district
MN-3
Collateral
Yes

Estimated share of project by source

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

  • Larger than 47% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in Minnesota: $2,136,981.

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 Minnesota