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Primrose School of East Brunswick

East Brunswick, NJ · Child Care Services · NAICS 624410

Primrose School of East Brunswick is a child care services business in East Brunswick, New Jersey, classified under NAICS code 624410. It financed real estate or equipment through an SBA 504 loan of $2,628,000 approved on January 3, 2025, with Wells Fargo Bank National Association as the bank partner and Trenton Business Assistance Corporation as the certified development company.

SBA 504 loan, approved Jan 3, 2025

$2,628,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,628,000
Bank portion
$3,076,400
Estimated project size
$6,338,222 (estimated)
Estimated owner equity
$633,822 (estimated, about 10% of the project)
Bank lender
Wells Fargo Bank National Association, Sioux Falls, SD
CDC
Trenton Business Assistance Corporation
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
January 3, 2050 (estimated, approval date plus term)
First disbursement
May 14, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
30
Business type
Corporation
NAICS
624410, Child Care Services
Franchise
Primrose Schools
Project location
Middlesex County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-6
Collateral
Yes

Estimated share of project by source

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

  • Larger than 80% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in New Jersey: $2,533,058.

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 New Jersey