Child Day Care Services Loans

Looking for loans for child day care services? Try the SBA. This $237,500 child day care services loan was issued by a Minnesota bank.

Getting a small business loan in Rochester, Minnesota was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Eastwood Bank, operating out of Rochester, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
ROCHESTER, MN 55904

SBA Loan Lender

EASTWOOD BANK
5125 HWY 52 NORTH
ROCHESTER, MN 55901

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a 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

11/15/2004

Loan Approval Gross Amount

$237,500

Loan Approval from the SBA

Of the total $237,500 loan amount, the SBA guaranteed $178,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Understanding Dilution

Best Rochester, Minnesota Banks for Small Business

Getting an SBA Loan in Minnesota