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 $663,800 child day care services loan was issued by a Texas bank.

This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Sterling Bank, out of Houston, Texas. The loan was granted and they received $663,800 to help grow their Houston, Texas business.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
HOUSTON, TX 77075

SBA Loan Lender

STERLING BANK
2550 N LOOP WEST
HOUSTON, TX 77092

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

4/3/2006

Loan Approval Gross Amount

$663,800

Loan Approval from the SBA

Of the total $663,800 loan amount, the SBA guaranteed $497,850.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The loan application indicated that the loan would help generate 18 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Sterling Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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