Raising Money for Child Day Care Services

Looking for business loans for child day care services? Talk to a banker who works with the SBA. This $877,200 child day care services loan was issued by a Michigan bank.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Citizens Bank, out of Lansing, Michigan. The loan was granted and they received $877,200 to help grow their Troy, Michigan business.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
TROY, MI 48085

SBA Loan Lender

CITIZENS BANK
2425 E GRAND RIVER AVE
LANSING, MI 48912

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

12/4/2006

Loan Approval Gross Amount

$877,200

Loan Approval from the SBA

Of the total $877,200 loan amount, the SBA guaranteed $657,900.

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. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

If you need money to start business in Troy MI, you ought to talk with a local Troy SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Troy businesses.

We can help you find the best banks for small businesses in Troy or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Small Business Credit Cards

Banks in Lansing, Michigan

Getting a Business Loan in Michigan