Getting an SBA Loan for Child Day Care Services

Looking for commercial loans for child day care services? An SBA loan may be just what you've been looking for. This $254,000 child day care services loan was issued by a California bank.

This small business received financial assistance through the SBA's lending programs back in 2008. They applied for an SBA loan with Wells Fargo Bank, out of San Jose, California. The loan was granted and they received $254,000 to help grow their Kingwood, Texas business.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
Kingwood, TX 77339

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

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

1/3/2008

Loan Approval Gross Amount

$254,000

Loan Approval from the SBA

Of the total $254,000 loan amount, the SBA guaranteed $190,500.

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 17 employees. The SBA loan documents indicated that the loan would help retain 17 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in Kingwood TX, you ought to talk with a local Kingwood SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Kingwood businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Direct Public Offerings

Small Business Banks in San Jose, California

SBA California Banks