Main Street Registry

PRT Real Estate 2 LLC

Manvel, TX · Child Care Services · NAICS 624410

PRT Real Estate 2 LLC, located in Manvel, Texas, operates in the child care services industry. The company financed real estate or equipment through an SBA 504 loan of $2,432,000, with an approval date of January 16, 2025, from NewFirst National Bank and Community Certified Development Corporation. The business is a Kiddie Academy franchise.

SBA 504 loan, approved Jan 16, 2025

$2,432,000 SBA portionCDC: Community Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,432,000
Bank portion
$3,082,000
Estimated project size
$6,126,667 (estimated)
Estimated owner equity
$612,667 (estimated, about 10% of the project)
Bank lender
NewFirst National Bank, El Campo, TX
CDC
Community Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
January 16, 2050 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
28
Business type
Corporation
NAICS
624410, Child Care Services
Franchise
Kiddie Academy
Project location
Brazoria County, TX
SBA district office
Houston District Office
Congressional district
TX-14
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Larger than 74% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in Texas: $2,316,979.

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 Texas