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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Atlanta, Business Loans > Regions Bank Atlanta Business Loans > Child Day Care Services Loan | ||||
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Raising Money in Tomball, Texas With SBA Loans
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Regions Bank Gives Business Loan to Child Day Care Services CompanyBusiness loans in Texas are are few and far betweeen these days. We take a look at one Texas business loan, provided by a Georgia bank, that was approved by the SBA. By giving the right information to Regions Bank, this Tomball, Texas business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender REGIONS BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8351 - Child Day Care Services NAICS Code 624410 - Child Day Care Services Loan Approval Date 2/4/2003 Loan Approval Gross Amount $389,000 Loan Approval from the SBA Of the total $389,000 loan amount, the SBA guaranteed $291,750. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. 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: SBA Approved Banks in Atlanta, Georgia
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