Financing for Child Day Care Services

Looking for commercial loans for child day care services? Talk to a banker who works with the SBA. This $232,300 child day care services loan was issued by an Indiana bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Merrillville, Indiana was able to borrow $232,300 from Centier Bank. The SBA made the loan possible by guaranteeing $174,225 of this Indiana small business loan.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
MERRILLVILLE, IN 46410

SBA Loan Lender

CENTIER BANK
1500 119TH ST
WHITING, IN 46394

This small business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending track record and a thorough understanding of SBA lending rules and regulations.

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

7/31/2000

Loan Approval Gross Amount

$232,300

Loan Approval from the SBA

Of the total $232,300 loan amount, the SBA guaranteed $174,225.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 35 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

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

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.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Centier Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Small Business Loan

Banks in Whiting, Indiana

SBA Lenders in Indiana