Financing for Child Day Care Services
Looking for commercial loans for child day care services? Talk to a banker who works with the SBA. This $127,000 child day care services loan was issued by a Texas bank.
This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Schertz Bank & Trust, out of Schertz, Texas. The loan was granted and they received $127,000 to help grow their La Vernia, Texas business.
SBA Loan Borrower
COMPANY TYPE: CHILD DAY CARE SERVICES
LA VERNIA, TX 78121
SBA Loan Lender
SCHERTZ BANK & TRUST
519 MAIN ST
SCHERTZ, TX 78154
The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
624410 - Child Day Care Services
Loan Approval Date
2/16/2006
Loan Approval Gross Amount
$127,000
Loan Approval from the SBA
Of the total $127,000 loan amount, the SBA guaranteed $107,950.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 8 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Schertz Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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 Schertz, Texas
Texas SBA 7A Lenders