Child Day Care Services Loans

With these loans for child day care services, the SBA guarantees the lender that the loan will be repaid. This child day care services loan for $55,700 was given to a California entrepreneur in 2004.

This small firm knew how to go about getting a business bank loan. Based in Redding, California, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Redding Bank Of Commerce, based in Redding, California.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
REDDING, CA 96003

SBA Loan Lender

REDDING BANK OF COMMERCE
1951 CHURN CREEK RD
REDDING, CA 96002

This lender provides SBA debt financing 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

3/17/2004

Loan Approval Gross Amount

$55,700

Loan Approval from the SBA

Of the total $55,700 loan amount, the SBA guaranteed $47,345.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 16 employees. The SBA loan application for the borrower indicated that the loan would help retain 16 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to find other ways to get money to start a business, 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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