Cameron State Bank SBA Loan to Child Day Care Services Company

An SBA loan from Cameron State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lake Charles, Louisiana business owner got a $60,550 loan.

Getting a small business loan in Lake Charles, Louisiana was an essential business goal for this firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Cameron State Bank, operating out of Lake Charles, Louisiana. Here are the details on this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
LAKE CHARLES, LA 70601

SBA Loan Lender

CAMERON STATE BANK
4440 NELSON RD
LAKE CHARLES, LA 70605

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

1/4/2005

Loan Approval Gross Amount

$60,550

Loan Approval from the SBA

Of the total $60,550 loan amount, the SBA guaranteed $51,467.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

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.

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