Where to Get Capital for Child Day Care Services

Looking for SBA loans for child day care services? Talk to a banker who works with the SBA. This $49,321 child day care services loan was issued by a South Carolina bank.

Getting a small business loan in Orangeburg, South Carolina was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from South Carolina Bank & Trust Natl, operating out of Orangeburg, South Carolina. Here are the details on this South Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
ORANGEBURG, SC 29115

SBA Loan Lender

SOUTH CAROLINA BANK & TRUST NATL
950 JOHN C CALHOUN DR
ORANGEBURG, SC 29115

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.

SIC Code

8351 - Child Day Care Services

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

3/5/2003

Loan Approval Gross Amount

$49,321

Loan Approval from the SBA

Of the total $49,321 loan amount, the SBA guaranteed $41,923.

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 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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