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Primrose School of Maple Grove

Minneapolis, MN · Child Care Services · NAICS 624410

Primrose School of Maple Grove is a child care services business in Minneapolis, Minnesota, classified under NAICS code 624410, and is a Primrose Schools franchise. The business financed real estate or equipment through an SBA 504 loan of $1,995,000 with America First Federal Credit Union as the bank partner and Amplio Economic Development Corporation as the certified development company, with approval dated March 26, 2024.

SBA 504 loan, approved Mar 26, 2024

$1,995,000 SBA portionCDC: Amplio Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,995,000
Bank portion
$2,441,700
Estimated project size
$4,929,667 (estimated)
Estimated owner equity
$492,967 (estimated, about 10% of the project)
Bank lender
America First Federal Credit Union, Riverdale, UT
CDC
Amplio Economic Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
March 26, 2049 (estimated, approval date plus term)
First disbursement
Jul 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
3
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 50% SBA (CDC) 40% Owner 10%

  • Larger than 56% 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.

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Same industry in Minnesota