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November 14, 2024 |
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| Home > Small Business Lenders by State > Maine Business Loan Sources > Auburn, Business Loans > Mechanics' Savings Bank Auburn Business Loans > Child Day Care Services Loan | ||||
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Lewiston, Maine Bank for SBA Loans
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Borrowing Money for Child Day Care ServicesLooking for loans for child day care services? Try the SBA. This $25,000 child day care services loan was issued by a Maine bank. This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Mechanics' Savings Bank, out of Auburn, Maine. The loan was granted and they received $25,000 to help grow their Lewiston, Maine business. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender MECHANICS' SAVINGS BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to American small businesses. 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 7/22/2002 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $21,250. 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 4 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? 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. Related Links:
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