Business Loans for Child Day Care Services

Looking for business loans for child day care services? The SBA may be the answer. This $562,700 child day care services loan was issued by a North Carolina bank.

This small business knew how to go about getting a business bank loan. Based in Pilot Mountain, North Carolina, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Surrey Bank & Trust, based in Mount Airy, North Carolina.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
PILOT MOUNTAIN, NC 27041

SBA Loan Lender

SURREY BANK & TRUST
145 N RENFRO ST
MOUNT AIRY, NC 27030

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

6/16/2005

Loan Approval Gross Amount

$562,700

Loan Approval from the SBA

Of the total $562,700 loan amount, the SBA guaranteed $422,025.

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 29 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 30 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in Pilot Mountain NC, you ought to talk with a local Pilot Mountain SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pilot Mountain businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Surrey Bank & Trust 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.

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SBA 7A Banks in Mount Airy, North Carolina

SBA North Carolina Lenders