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November 15, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Atlanta, Business Loans > Suntrust Bank Atlanta Business Loans > Child Day Care Services Loan | ||||
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Examples of Lexington SBA Loans
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Loans for Child Day Care ServicesWith these loans for child day care services, the SBA guarantees the lender that the loan will be repaid. This child day care services loan for $407,000 was given to a South Carolina entrepreneur in 2000. This company knew how to go about getting a business bank loan. Based in Lexington, South Carolina, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Suntrust Bank, based in Atlanta, Georgia. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender SUNTRUST BANK This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624410 - Child Day Care Services Loan Approval Date 11/22/2000 Loan Approval Gross Amount $407,000 Loan Approval from the SBA Of the total $407,000 loan amount, the SBA guaranteed $305,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 7 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Suntrust Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Suntrust Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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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