U.S. Bank National Association SBA Loan to Child Day Care Services Company
U.S. Bank National Association and the SBA work together to get business loans for growing small businesses. Here's an example of how an Arizona entrepreneur was able to get a loan to take a small business to the next level.
Getting a small business loan in Phoenix, Arizona was an essential business goal for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from U.S. Bank National Association, operating out of Cincinnati, Ohio. Here are the details on this Arizona small business loan.
SBA Loan Borrower
COMPANY TYPE: CHILD DAY CARE SERVICES
PHOENIX, AZ 85044
SBA Loan Lender
U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202
This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
624410 - Child Day Care Services
Loan Approval Date
4/22/2002
Loan Approval Gross Amount
$1,297,000
Loan Approval from the SBA
Of the total $1,297,000 loan amount, the SBA guaranteed $972,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 30 employees. The loan application indicated that the loan would help retain 30 existing jobs.
Next Steps for Getting an SBA Loan
If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great way to raise money
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.
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