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Wishing Well Academic Preschool and Infant Center

Los Angeles, CA · Child Care Services · NAICS 624410

Wishing Well Academic Preschool and Infant Center, located in Los Angeles, California, operates in the child care services industry (NAICS 624410). The company financed real estate or equipment through an SBA 504 loan of $1,425,000, approved on October 28, 2023, with CalPrivate Bank as the lender and The Mortgage Capital Development Corporation as the certified development company.

SBA 504 loan, approved Oct 28, 2023

$1,425,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,425,000
Bank portion
$1,716,500
Estimated project size
$3,490,556 (estimated)
Estimated owner equity
$349,056 (estimated, about 10% of the project)
Bank lender
CalPrivate Bank, La Jolla, CA
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
October 28, 2048 (estimated, approval date plus term)
First disbursement
Jul 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
624410, Child Care Services
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-30
Collateral
Yes

Estimated share of project by source

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

  • Larger than 28% 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