Getting an SBA Loan for Child Day Care Services

Looking for commercial loans for child day care services? An SBA loan may be just what you've been looking for. This $216,108 child day care services loan was issued by a Georgia bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Valdosta, Georgia was able to borrow $216,108 from Farmers & Merchants Bank. The SBA made the loan possible by guaranteeing $162,081 of this Georgia small business loan.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
VALDOSTA, GA 31601

SBA Loan Lender

FARMERS & MERCHANTS BANK
110 CARTER ST
LAKELAND, GA 31635

This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

6/4/2004

Loan Approval Gross Amount

$216,108

Loan Approval from the SBA

Of the total $216,108 loan amount, the SBA guaranteed $162,081.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 22 employees. This SBA loan request did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Farmers & Merchants Bank and they will explain how you can get an SBA loan for your company.

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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