Loans for Child Day Care Services

Looking for loans for child day care services? An SBA loan may be just what you've been looking for. This $359,100 child day care services loan was issued by an Ohio bank.

This small firm knew how to go about getting a business bank loan. Based in Solon, Ohio, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Keybank National Association, based in Cleveland, Ohio.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
SOLON, OH 44139

SBA Loan Lender

KEYBANK NATIONAL ASSOCIATION
127 PUBLIC SQ
CLEVELAND, OH 44114

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

10/22/2002

Loan Approval Gross Amount

$359,100

Loan Approval from the SBA

Of the total $359,100 loan amount, the SBA guaranteed $269,325.

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 3 employees. The SBA loan documents indicated that the loan would help generate 50 new jobs and retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Solon OH, you ought to talk with a local Solon SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Solon businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Keybank National Association that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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