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Trinity Montessori Academy LLC

Fort Mill, SC · Child Care Services · NAICS 624410

Trinity Montessori Academy LLC is a child care services business in Fort Mill, South Carolina, in the child care services industry (NAICS 624410). The company financed real estate or equipment through an SBA 504 loan of $1,296,000, with the SBA portion approved on March 15, 2024, through Bank of America Corporation and the certified development company Appalachian Development Corporation.

SBA 504 loan, approved Mar 15, 2024

$1,296,000 SBA portionCDC: Appalachian Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,296,000
Bank portion
$1,582,368
Estimated project size
$3,198,187 (estimated)
Estimated owner equity
$319,819 (estimated, about 10% of the project)
Bank lender
Bank of America Corporation, Charlotte, NC
CDC
Appalachian Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
March 15, 2049 (estimated, approval date plus term)
First disbursement
Jun 12, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
34
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Lancaster County, SC
SBA district office
South Carolina District Office
Congressional district
SC-5
Collateral
Yes

Estimated share of project by source

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

  • Larger than 20% of expansion loans in Child Care Services on this site.
  • Average expansion loan in Child Care Services: $1,977,874.
  • Average expansion loan in South Carolina: $2,088,205.

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 South Carolina