Safari Kid
Safari Kid is located in Menlo Park, CA, and the SBA lists its industry as Child Care Services. It was approved for an SBA 504 loan ($1,295,000 SBA portion) on October 5, 2023 to finance real estate or equipment.
SBA 504 loan, approved Oct 5, 2023
- SBA (CDC) portion
- $1,295,000
- Bank portion
- $1,480,000
- Estimated project size
- $3,083,333 (estimated)
- Estimated owner equity
- $308,333 (estimated, about 10% of the project)
- Bank lender
- Wells Fargo Bank National Association, Sioux Falls, SD
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- October 5, 2048 (estimated, approval date plus term)
- First disbursement
- Feb 14, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 624410, Child Care Services
- Franchise
- Safari Kid
- Project location
- San Mateo County, CA
- SBA district office
- San Francisco District Office
- Congressional district
- CA-14
- Collateral
- Yes
Estimated share of project by source
Bank 48% SBA (CDC) 42% Owner 10%
- Larger than 19% of expansion loans in Child Care Services on this site.
- Average expansion loan in Child Care Services: $1,977,874.
- Average expansion loan in California: $2,161,468.
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 California
- Chino Bilingual Montessori Academy, Chino
- Shu Academy LLC, San Carlos
- Young Minds Academy Corp, Newark
- Early Development Services, Inc., Santa Maria
- Millennium Child Development Center, Vacaville
- Growing Better Together Inc., Dixon
- Millennium Child Development Center, Dixon
- The Goddard School, Norco