Where to Get Capital for Child Day Care Services

With these small business loans for child day care services, the SBA guarantees the lender that the loan will be repaid. This child day care services loan for $188,500 was given to an Illinois entrepreneur in 2003.

This company knew how to go about getting a business bank loan. Based in Lake Bluff, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Associated Bank, based in Third Lake, Illinois.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
LAKE BLUFF, IL 60044

SBA Loan Lender

ASSOCIATED BANK
34354 N HWY 45
THIRD LAKE, IL 60030

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

11/7/2003

Loan Approval Gross Amount

$188,500

Loan Approval from the SBA

Of the total $188,500 loan amount, the SBA guaranteed $141,375.

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 25 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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Good Banks for Small Business in Third Lake, Illinois

Illinois SBA 7A Banks