SBA Loans for Child Day Care Services

Looking for SBA loans for child day care services? The SBA may be the answer. This $1,915,000 child day care services loan was issued by a Georgia bank.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Fidelity Bank, out of Atlanta, Georgia. The loan was granted and they received $1,915,000 to help grow their Dawsonville, Georgia business.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
DAWSONVILLE, GA 30534

SBA Loan Lender

FIDELITY BANK
3490 PIEDMONT RD NE, STE 124
ATLANTA, GA 30305

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

6/21/2006

Loan Approval Gross Amount

$1,915,000

Loan Approval from the SBA

Of the total $1,915,000 loan amount, the SBA guaranteed $1,436,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help create 20 new jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Fidelity Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

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