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November 21, 2024 |
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| Home > Small Business Lenders by State > Kansas Business Loan Sources > Rose Hill, Business Loans > Rose Hill Bank Rose Hill Business Loans > Child Day Care Services Loan | ||||
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Derby, Kansas Bank for SBA Loans
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Where to Get Capital for Child Day Care ServicesWith these SBA loans for child day care services, the SBA guarantees the lender that the loan will be repaid. This child day care services loan for $62,400 was given to a Kansas entrepreneur in 2004. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Derby, Kansas was able to borrow $62,400 from Rose Hill Bank. The SBA made the loan possible by guaranteeing $53,040 of this Kansas small business loan. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender ROSE HILL BANK This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624410 - Child Day Care Services Loan Approval Date 8/16/2004 Loan Approval Gross Amount $62,400 Loan Approval from the SBA Of the total $62,400 loan amount, the SBA guaranteed $53,040. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: SBA Banks in Rose Hill, Kansas
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