Primrose School of Reading
Primrose School of Reading is an elementary and secondary school located in Reading, Massachusetts, classified under NAICS 611110 for elementary and secondary schools.
SBA 504 loan, approved May 19, 2026
$4,055,000 SBA portionCDC: Bay Colony Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $4,055,000
- Bank portion
- $5,243,000
- Estimated project size
- $10,331,111 (estimated)
- Estimated owner equity
- $1,033,111 (estimated, about 10% of the project)
- Bank lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 19, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 36
- Business type
- Corporation
- NAICS
- 611110, Elementary and Secondary Schools
- Franchise
- Primrose Schools
- Project location
- Middlesex County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-6
- Collateral
- Yes
Estimated share of project by source
Bank 51% SBA (CDC) 39% Owner 10%
- Larger than 93% of expansion loans in Elementary and Secondary Schools on this site.
- Average expansion loan in Elementary and Secondary Schools: $2,129,925.
- Average expansion loan in Massachusetts: $2,009,683.
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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