How to Get a Loan for Child Day Care Services

Looking for business loans for child day care services? Try the SBA. This $148,200 child day care services loan was issued by a Louisiana bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Leland, Mississippi was able to borrow $148,200 from Ecd Investments Bidco Corp. The SBA made the loan possible by guaranteeing $125,970 of this Mississippi small business loan.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
LELAND, MS 38756

SBA Loan Lender

ECD INVESTMENTS BIDCO CORP
909 NORTH 18TH ST, STE 223
MONROE, LA 71201

This lender issued this particular 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.

SIC Code

8351 - Child Day Care Services

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

1/24/2001

Loan Approval Gross Amount

$148,200

Loan Approval from the SBA

Of the total $148,200 loan amount, the SBA guaranteed $125,970.

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 3 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Ecd Investments Bidco Corp are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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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