Main Street Registry

Riverstone Montessori at Friendswood LLC

Friendswood, TX · Child Care Services · NAICS 624410

Riverstone Montessori at Friendswood LLC is a child care services business in Friendswood, Texas, classified under NAICS 624410. The company financed real estate or equipment through an SBA 504 loan of $1,730,000, with NewFirst National Bank as the bank partner and Capital Certified Development Corporation as the certified development company, approved on October 25, 2023.

SBA 504 loan, approved Oct 25, 2023

$1,730,000 SBA portionCDC: Capital Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,730,000
Bank portion
$2,068,520
Estimated project size
$4,220,578 (estimated)
Estimated owner equity
$422,058 (estimated, about 10% of the project)
Bank lender
NewFirst National Bank, El Campo, TX
CDC
Capital Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
October 25, 2048 (estimated, approval date plus term)
First disbursement
May 13, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
33
Business type
LLC or partnership
NAICS
624410, Child Care Services
Project location
Galveston County, TX
SBA district office
Houston District Office
Congressional district
TX-14
Collateral
Yes

Estimated share of project by source

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

  • Larger than 45% 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