Main Street Registry

Shagun Holdings III, LLC

New Providence, NJ · Child Care Services · NAICS 624410

Shagun Holdings III, LLC, located in New Providence, NJ, operates in child care services (NAICS 624410) and is a Primrose Schools franchise. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $3,470,000, approved on May 3, 2024, with Evolve Bank and Trust as the lender and Empire State Certified Development Corporation as the certified development company.

SBA 504 loan, approved May 3, 2024

$3,470,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,470,000
Bank portion
$4,242,500
Estimated project size
$8,569,444 (estimated)
Estimated owner equity
$856,944 (estimated, about 10% of the project)
Bank lender
Evolve Bank and Trust, West Memphis, AR
CDC
Empire State Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
May 3, 2049 (estimated, approval date plus term)
First disbursement
May 13, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
35
Business type
Corporation
NAICS
624410, Child Care Services
Franchise
Primrose Schools
Project location
Union County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-7
Collateral
Yes

Estimated share of project by source

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

  • Larger than 97% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in New Jersey: $2,533,058.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in New Jersey