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December 20, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Belgium, Business Loans > Port Washington State Bank Belgium Business Loans > Child Day Care Services Loan | ||||
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Belgium, Wisconsin Bank Loan
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Where to Get Capital for Child Day Care ServicesLooking for small business loans for child day care services? The SBA may be the answer. This $170,000 child day care services loan was issued by a Wisconsin bank. This small firm knew how to go about getting a business bank loan. Based in Belgium, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Port Washington State Bank, based in Belgium, Wisconsin. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender PORT WASHINGTON STATE BANK This 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 11/27/2002 Loan Approval Gross Amount $170,000 Loan Approval from the SBA Of the total $170,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 14 employees. The SBA loan application for the borrower did not indicate that the company promised 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. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Port Washington State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Approved Banks in Belgium, Wisconsin
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