Borrowing Money for Child Day Care Services

Looking for loans for child day care services? An SBA loan may be just what you've been looking for. This $10,300 child day care services loan was issued by a Montana bank.

This small firm knew how to go about getting a business bank loan. Based in Hamilton, Montana, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Farmers State Bank, based in Victor, Montana.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
HAMILTON, MT 59840

SBA Loan Lender

FARMERS STATE BANK
103 MAIN ST
VICTOR, MT 59875

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

12/19/2007

Loan Approval Gross Amount

$10,300

Loan Approval from the SBA

Of the total $10,300 loan amount, the SBA guaranteed $8,755.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Getting a Small Business Loan

Small Business Banks in Victor, Montana

Where to Get an SBA Loan Montana