Borrowing Money for Child Day Care Services
Looking for loans for child day care services? Try the SBA. This $407,000 child day care services loan was issued by a New York bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Delray Beach, Florida was able to borrow $407,000 from Business Loan Center, LLC. The SBA made the loan possible by guaranteeing $305,250 of this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: CHILD DAY CARE SERVICES
Delray Beach, FL 33444
SBA Loan Lender
BUSINESS LOAN CENTER, LLC
1633 BROADWAY, 39TH FL
NEW YORK, NY 10019
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA 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
11/14/2007
Loan Approval Gross Amount
$407,000
Loan Approval from the SBA
Of the total $407,000 loan amount, the SBA guaranteed $305,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 21 employees. The SBA loan documents indicated that the loan would help retain 21 existing 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 Business Loan Center, LLC 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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