Raleigh, North Carolina Bank Lends Money to Child Day Care Services Company in Raleigh, North Carolina

Want to talk with a Raleigh, North Carolina bank about an SBA loan? Here's one North Carolina business loan, issued by a Raleigh bank, that was approved by the SBA.

Applying for an SBA loan with First South Bank worked out well for our friends at one local business in Raleigh, North Carolina. They got an SBA loan for $200,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
RALEIGH, NC 27615

SBA Loan Lender

FIRST SOUTH BANK
4800 SIX FORKS RD, STE 115
RALEIGH, NC 27609

This lender issued this commercial loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

9/21/2005

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First South Bank and they will explain how you can get an SBA loan for your company.

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:

Business Line of Credit

Banks in Raleigh, North Carolina

Getting an SBA Loan in North Carolina