Financing for Child Day Care Services

Looking for commercial loans for child day care services? The SBA may be the answer. This $400,000 child day care services loan was issued by a District of Columbia bank.

This small business knew how to go about getting a business bank loan. Based in Bryans Road, Maryland, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Industrial Bank, based in Washington, District of Columbia.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
BRYANS ROAD, MD 20616

SBA Loan Lender

INDUSTRIAL BANK
2000 11TH ST NW
WASHINGTON, DC 20001

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

5/30/2006

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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 15 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Bryans Road MD, you ought to talk with a local Bryans Road SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bryans Road businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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SBA Participating Banks in Washington, District of Columbia

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