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December 21, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Richmond, Business Loans > Suntrust Bank Richmond Business Loans > Child Day Care Services Loan | ||||
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Banks for Spring Hill, Florida Business Owners
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Get an SBA Loan for Child Day Care ServicesWith these small business loans for child day care services, the SBA guarantees the lender that the loan will be repaid. This child day care services loan for $250,000 was given to a Florida entrepreneur in 2007. This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Suntrust Bank, out of Richmond, Virginia. The loan was granted and they received $250,000 to help grow their Spring Hill, Florida business. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender SUNTRUST BANK The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 624410 - Child Day Care Services Loan Approval Date 6/29/2007 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $125,000. 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 23 employees. The SBA loan documents indicated that the loan would help generate 7 new jobs and retain 23 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Suntrust Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: SBA Banks in Richmond, Virginia
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