Child Day Care Services Bank Loans

With these bank loans for child day care services, the SBA guarantees the lender that the loan will be repaid. This child day care services loan for $322,300 was given to an Arizona entrepreneur in 2001.

This small firm knew how to go about getting a business bank loan. Based in Mesa, Arizona, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Sterling Savings Bank, based in Santa Rosa, California.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
MESA, AZ 85201

SBA Loan Lender

STERLING SAVINGS BANK
801 FOURTH ST
SANTA ROSA, CA 95404

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

5/22/2001

Loan Approval Gross Amount

$322,300

Loan Approval from the SBA

Of the total $322,300 loan amount, the SBA guaranteed $241,725.

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 9 employees. The loan application indicated that the loan would help generate 16 new jobs and retain 9 existing jobs.

Start the Process for Getting an SBA Loan Today!

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.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Business Cash Advances

SBA Participating Banks in Santa Rosa, California

Find an SBA Lender in California