Borrowing Money for Child Day Care Services

Looking for small business loans for child day care services? Talk to a banker who works with the SBA. This $105,000 child day care services loan was issued by an Idaho bank.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with D. L. Evans Bank, out of Twin Falls, Idaho. The loan was granted and they received $105,000 to help grow their Twin Falls, Idaho business.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
TWIN FALLS, ID 83301

SBA Loan Lender

D. L. EVANS BANK
222 MAIN AVE SOUTH
TWIN FALLS, ID 83301

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

6/17/2002

Loan Approval Gross Amount

$105,000

Loan Approval from the SBA

Of the total $105,000 loan amount, the SBA guaranteed $89,250.

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 4 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Business Credit Evaluation

Good Banks for Small Business in Twin Falls, Idaho

SBA Idaho Lenders