Comerica Bank Gives Business Loan to Child Day Care Services Company

Looking to get a Georgia bank loan? This Georgia entrepreneur got a bank loan, provided by a Texas bank that works with the SBA to help small business owners.

Getting a small business loan in Snellville, Georgia was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Comerica Bank. Here are the details on this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
Snellville, GA 30078

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

5/8/2007

Loan Approval Gross Amount

$537,300

Loan Approval from the SBA

Of the total $537,300 loan amount, the SBA guaranteed $402,975.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

This SBA loan was for $537,300. How would you spend $537,300 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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