Business Loan Center, LLC Gives Small Business Loan to Child Day Care Services Company
GeorgiaSBA loans are available to Georgia entrepreneurs through the SBA. In this case, a Virginia bank provides the loan.
You can learn something about getting a small business loan in Ellenwood, Georgia by studying this loan to a local business, made back in 2002. Banks like Business Loan Center, LLC may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: CHILD DAY CARE SERVICES
ELLENWOOD, GA 30294
SBA Loan Lender
BUSINESS LOAN CENTER, LLC
3900 WESTERRE PARKWAY, SUITE
RICHMOND, VA 23233
This commercial loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending history and a thorough understanding of SBA lending rules and regulations.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8351 - Child Day Care Services
NAICS Code
624410 - Child Day Care Services
Loan Approval Date
9/5/2002
Loan Approval Gross Amount
$472,000
Loan Approval from the SBA
Of the total $472,000 loan amount, the SBA guaranteed $354,000.
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 loan application did not indicate that the business promised to use the money to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Business Loan Center, LLC are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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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