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December 20, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Dover, Business Loans > First Federal Community Bank Dover Business Loans > Child Day Care Services Loan | ||||
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Bolivar, Ohio Bank for SBA Loans
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Commercial Loans for Child Day Care ServicesLooking for commercial loans for child day care services? The SBA may be the answer. This $135,000 child day care services loan was issued by an Ohio bank. This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with First Federal Community Bank, out of Dover, Ohio. The loan was granted and they received $135,000 to help grow their Bolivar, Ohio business. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender FIRST FEDERAL COMMUNITY BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. 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 5/9/2001 Loan Approval Gross Amount $135,000 Loan Approval from the SBA Of the total $135,000 loan amount, the SBA guaranteed $114,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 14 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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:
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