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Smarties Academy Atlanta LLC

Decatur, GA · Child Care Services · NAICS 624410

Smarties Academy Atlanta LLC is a child care services business in Decatur, Georgia, classified under NAICS code 624410. The business was approved for an SBA 504 loan of $2,375,000, which is the SBA portion of financing for real estate or equipment through an SBA 504 loan, with First-Citizens Bank & Trust Company as the lender and Small Business Access Partners, Inc. as the certified development company, and the approval date was December 7, 2023.

SBA 504 loan, approved Dec 7, 2023

$2,375,000 SBA portionCDC: Small Business Access Partners, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$2,375,000
Bank portion
$2,900,000
Estimated project size
$5,861,111 (estimated)
Estimated owner equity
$586,111 (estimated, about 10% of the project)
Bank lender
First-Citizens Bank & Trust Company, Raleigh, NC
CDC
Small Business Access Partners, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 7, 2048 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
30
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Dekalb County, GA
SBA district office
Georgia District Office
Congressional district
GA-4
Collateral
Yes

Estimated share of project by source

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

  • Larger than 72% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in Georgia: $2,201,121.

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 Georgia