Primrose School of Lake Norman

173 Raceway Drive, Mooresville, NC 28117 · Child Day Care Services (NAICS 624410)

Loan Summary

Source: SBA FOIA Loan-Level Data

Total Loans

2

Total Amount

$5.4M

Jobs Supported

51

Years Active

2005–2021

Loan History (2)

Source: SBA FOIA
7(a)$3,400,500
Exempt
Approved
Sep 22, 2021 (FY2021)
SBA Guaranteed
$3,060,450 (90%)
Term
120 months (10.0 yrs)
Interest Rate
5.25%
Revolver
0
Jobs Supported
26
Business Type
Corporation
Business Age
Change of Ownership
Industry
Child Day Care Services (NAICS 624410)

Lender

Meadows Bank

8912 Spanish Ridge Ave, Ste 10, Las Vegas, NV 89148

Project Location

Iredell County, NC

7(a)$2,000,000
Paid in Full
Approved
Aug 18, 2005 (FY2005)
SBA Guaranteed
$1,500,000 (75%)
Term
310 months (25.8 yrs)
Revolver
0
Jobs Supported
25
Business Type
Corporation
Industry
Child Day Care Services (NAICS 624410)
Paid in Full
Dec 31, 2008

Lender

Readycap Lending, Llc

200 Connell Drive, Berkeley Heights, NJ 7922

Project Location

Iredell County, NC

Business Details

Business Type
Corporation
Business Age
Change of Ownership
NAICS Code
624410 Child Day Care Services
Address
173 Raceway Drive
Mooresville, NC 28117

Lenders

Meadows Bank
8912 Spanish Ridge Ave, Ste 10, Las Vegas, NV 89148
Readycap Lending, Llc
200 Connell Drive, Berkeley Heights, NJ 7922

Other SBA Borrowers in Mooresville

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