Small Business Loans for Child Day Care Services

Looking for small business loans for child day care services? An SBA loan may be just what you've been looking for. This $150,000 child day care services loan was issued by a Louisiana bank.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Cameron State Bank, out of Lake Charles, Louisiana. The loan was granted and they received $150,000 to help grow their Lake Charles, Louisiana business.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
LAKE CHARLES, LA 70615

SBA Loan Lender

CAMERON STATE BANK
2911 RYAN ST
LAKE CHARLES, LA 70601

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8351 - Child Day Care Services

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

8/23/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

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 6 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to find other ways to get money to start a business, 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.

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