Where to Get Capital for Child Day Care Services
Looking for SBA loans for child day care services? Try the SBA. This $141,000 child day care services loan was issued by a California bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Duncanville, Texas was able to borrow $141,000 from South Valley National Bank A Divis. The SBA made the loan possible by guaranteeing $119,850 of this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: CHILD DAY CARE SERVICES
Duncanville, TX 75116
SBA Loan Lender
SOUTH VALLEY NATIONAL BANK A DIVIS
8000 SANTA TERESA BLVD
GILROY, CA 95020
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
624410 - Child Day Care Services
Loan Approval Date
5/3/2007
Loan Approval Gross Amount
$141,000
Loan Approval from the SBA
Of the total $141,000 loan amount, the SBA guaranteed $119,850.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 10 employees. The loan application indicated that the loan would help retain 10 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like South Valley National Bank A Divis 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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