Child Day Care Services Business Loans

With these business loans for child day care services, the SBA guarantees the lender that the loan will be repaid. This child day care services loan for $1,670,000 was given to a Georgia entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lithonia, Georgia was able to borrow $1,670,000 from Citizens Trust Bank. The SBA made the loan possible by guaranteeing $999,996 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
LITHONIA, GA 30034

SBA Loan Lender

CITIZENS TRUST BANK
75 PIEDMONT AVE NE
ATLANTA, GA 30303

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

3/14/2003

Loan Approval Gross Amount

$1,670,000

Loan Approval from the SBA

Of the total $1,670,000 loan amount, the SBA guaranteed $999,996.

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 18 employees. The loan application indicated that the loan would help retain 18 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We can help you find the best banks for small businesses in Lithonia or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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