Child Day Care Services Commercial Loans

Looking for commercial loans for child day care services? An SBA loan may be just what you've been looking for. This $91,000 child day care services loan was issued by a Michigan bank.

This business knew how to go about getting a business bank loan. Based in Clarkston, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Oxford Bank, based in Oxford, Michigan.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
CLARKSTON, MI 48348

SBA Loan Lender

OXFORD BANK
60 S WASHINGTON ST
OXFORD, MI 48371

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

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

6/19/2003

Loan Approval Gross Amount

$91,000

Loan Approval from the SBA

Of the total $91,000 loan amount, the SBA guaranteed $77,350.

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 18 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This SBA loan was for $91,000. How would you spend $91,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Business Incubators

Where to Get an SBA Loan in Oxford, Michigan

SBA Lenders in Michigan