Child Day Care Services Bank Loans

Looking for bank loans for child day care services? The SBA may be the answer. This $39,000 child day care services loan was issued by a Massachusetts bank.

This company knew how to go about getting a business bank loan. Based in East Windsor Hill, Connecticut, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Bank - Western Massachusetts, based in Springfield, Massachusetts.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
EAST WINDSOR HILL, CT 06088

SBA Loan Lender

BANK - WESTERN MASSACHUSETTS
1391 MAIN ST, 3RD FL
SPRINGFIELD, MA 01103

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

10/28/2003

Loan Approval Gross Amount

$39,000

Loan Approval from the SBA

Of the total $39,000 loan amount, the SBA guaranteed $19,500.

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 14 employees. The SBA loan application for the borrower indicated that the loan would help retain 14 existing jobs.

Getting an SBA Loan For Your Business

If you need business start up money in East Windsor Hill CT, you ought to talk with a local East Windsor Hill SBA lender or talk with an out-of-area SBA lender that has previously loaned money to East Windsor Hill businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $39,000 loan. Remember, fight for what you want, and it will be yours!

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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