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Primrose School of Southeast Ellicott City

Elkridge, MD · Child Care Services · NAICS 624410

Primrose School of Southeast Ellicott City, located in Elkridge, Maryland, operates in the child care services industry (NAICS 624410) and is a Primrose Schools franchise. The company financed real estate or equipment through an SBA 504 loan of $3,174,000 approved on May 13, 2024, with TD Bank USA, National Association as the lender and Business Finance Group, Inc. as the certified development company.

SBA 504 loan, approved May 13, 2024

$3,174,000 SBA portionCDC: Business Finance Group, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,174,000
Bank portion
$3,874,000
Estimated project size
$7,831,111 (estimated)
Estimated owner equity
$783,111 (estimated, about 10% of the project)
Bank lender
TD Bank USA, National Association, Wilmington, DE
CDC
Business Finance Group, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 13, 2049 (estimated, approval date plus term)
First disbursement
Sep 16, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
35
Business type
Corporation
NAICS
624410, Child Care Services
Franchise
Primrose Schools
Project location
Howard County, MD
SBA district office
Baltimore District Office
Congressional district
MD-2
Collateral
Yes

Estimated share of project by source

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

  • Larger than 94% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in Maryland: $2,350,795.

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 Maryland