Commercial Loans for Child Day Care Services

Looking for commercial loans for child day care services? An SBA loan may be just what you've been looking for. This $211,500 child day care services loan was issued by a Maryland bank.

This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with The Patapsco Bank, out of Dundalk, Maryland. The loan was granted and they received $211,500 to help grow their Baltimore, Maryland business.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
BALTIMORE, MD 21234

SBA Loan Lender

THE PATAPSCO BANK
1301 MERRITT BLVD
DUNDALK, MD 21222

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8351 - Child Day Care Services

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

1/17/2003

Loan Approval Gross Amount

$211,500

Loan Approval from the SBA

Of the total $211,500 loan amount, the SBA guaranteed $158,625.

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 8 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are raising money in Baltimore MD, you ought to talk with a local Baltimore SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Baltimore businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The Patapsco Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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SBA Participating Banks in Maryland