Financing for Child Day Care Services
With these loans for child day care services, the SBA guarantees the lender that the loan will be repaid. This child day care services loan for $40,000 was given to a Pennsylvania entrepreneur in 2006.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Creighton, Pennsylvania was able to borrow $40,000 from Pnc Bank, National Association. The SBA made the loan possible by guaranteeing $20,000 of this Pennsylvania small business loan.
SBA Loan Borrower
COMPANY TYPE: CHILD DAY CARE SERVICES
CREIGHTON, PA 15030
SBA Loan Lender
PNC BANK, NATIONAL ASSOCIATION
8800 TINICUM BLVD, 1ST FL, MA
PHILADELPHIA, PA 19153
This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
624410 - Child Day Care Services
Loan Approval Date
8/18/2006
Loan Approval Gross Amount
$40,000
Loan Approval from the SBA
Of the total $40,000 loan amount, the SBA guaranteed $20,000.
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 11 employees. The loan application indicated that the loan would help generate 11 new jobs and retain 11 existing jobs.
Next Steps for Getting an SBA Loan
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
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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Small Business Banks in Philadelphia, Pennsylvania
Pennsylvania SBA 7A Banks