Loan Census Banking News and Information
December 18, 2024  
 
 
  Business Loan Information  
 

How to Get SBA Loans in Forney, Texas

 

 
Loan Census SBA Loan Info

Where to Get Capital for Child Day Care Services

Looking for small business loans for child day care services? Talk to a banker who works with the SBA. This $770,000 child day care services loan was issued by a Texas bank.

This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Amer National Bank - Texas, out of Terrell, Texas. The loan was granted and they received $770,000 to help grow their Forney, Texas business.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
FORNEY, TX 75126

SBA Loan Lender

AMER NATIONAL BANK - TEXAS
102 W MOORE
TERRELL, TX 75160

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

4/26/2004

Loan Approval Gross Amount

$770,000

Loan Approval from the SBA

Of the total $770,000 loan amount, the SBA guaranteed $577,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 25 employees. The SBA loan application for the borrower indicated that the borrowed money would help generate 25 new jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

Related Links:

Obtaining Funding - Getting Venture Capital

SBA 7A Lenders in Terrell, Texas

Getting an SBA Loan in Texas