Roots & Wings Learning Center

LOAN AMOUNT: $1,458,000

LOAN TYPE: USDA B&I Loan

INDUSTRY: Day Care

LOAN DETAILS

Location

St. Augustine, Florida

Term

25 Years

Prepayment Penalty

5,4,3,2,1

History

The $1.458 Million loan guaranteed by the USDA was used to purchase an existing daycare center located in St. Augustine, FL doing business as Roots and Wings Learning Center.  The learning center is located less than 1 mile east of Exit 323 of I-95 and 4 miles southwest of US 1/Dixie Highway. The 12,245 sq. foot childcare facility is on 2.14 acres. The center is licensed for 267 students and caters to them “during the day,” “after school,” “small camp” and “big camp.” The family also operates another learning center in St Johns, FL dba Hidden Little Treasures Learning Center since 2012. The business operates with 23 employees.

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