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November 21, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Island, Business Loans > First Security Bank & Trust Mcle Island Business Loans > Child Day Care Services Loan | ||||
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Tips for Business Owners On Getting a Loan
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Get an SBA Loan for Child Day Care ServicesLooking for loans for child day care services? Try the SBA. This $262,900 child day care services loan was issued by a Kentucky bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Greenville, Kentucky was able to borrow $262,900 from First Security Bank & Trust Mcle. The SBA made the loan possible by guaranteeing $197,175 of this Kentucky small business loan. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender FIRST SECURITY BANK & TRUST MCLE The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. 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 9/11/2002 Loan Approval Gross Amount $262,900 Loan Approval from the SBA Of the total $262,900 loan amount, the SBA guaranteed $197,175. 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 11 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Remember, you 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. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Security Bank & Trust Mcle and they will explain how you can get an SBA loan for your company. 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: Best Island, Kentucky Banks for Small Business
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