Financing for Child Day Care Services

Looking for loans for child day care services? An SBA loan may be just what you've been looking for. This $100,000 child day care services loan was issued by an Illinois bank.

Getting a small business loan in New Windsor, Illinois was important for this growing firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Farmers St. Bank - Western Illin, operating out of Alpha, Illinois. Here are the details on this Illinois small business loan.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
NEW WINDSOR, IL 61465

SBA Loan Lender

FARMERS ST. BANK - WESTERN ILLIN
124 W 'D' ST
ALPHA, IL 61413

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

2/14/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in New Windsor IL, you ought to talk with a local New Windsor SBA lender or talk with an out-of-area SBA lender that has previously loaned money to New Windsor businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Farmers St. Bank - Western Illin so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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