Getting an SBA Loan for Child Day Care Services
With 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 $295,000 was given to a Georgia entrepreneur in 2005.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Americus, Georgia was able to borrow $295,000 from Sumter Bank & Trust Company. The SBA made the loan possible by guaranteeing $221,250 of this Georgia small business loan.
SBA Loan Borrower
COMPANY TYPE: CHILD DAY CARE SERVICES
AMERICUS, GA 31709
SBA Loan Lender
SUMTER BANK & TRUST COMPANY
201 E LAMAR ST
AMERICUS, GA 31709
This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
624410 - Child Day Care Services
Loan Approval Date
7/15/2005
Loan Approval Gross Amount
$295,000
Loan Approval from the SBA
Of the total $295,000 loan amount, the SBA guaranteed $221,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 2 employees. The SBA loan documents indicated that the loan would help generate 12 new jobs and retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you are wondering how to raise money for a business in Americus GA, you ought to talk with a local Americus SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Americus businesses.
There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.
Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!
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.
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