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 $50,000 was given to an Oklahoma entrepreneur in 2000.

This business knew how to go about getting a business bank loan. Based in Norman, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was First American Bank, based in Norman, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
NORMAN, OK 73071

SBA Loan Lender

FIRST AMERICAN BANK
801 12TH AVE NE
NORMAN, OK 73071

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

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

6/13/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $40,000.

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 only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the funding to add employees or retain any existing employees.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We can help you find the best banks for small businesses in Norman 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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