Business Loans for Child Day Care Services

Looking for business loans for child day care services? The SBA may be the answer. This $82,000 child day care services loan was issued by a Massachusetts bank.

This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Lowell Five Cent Savings Bank, out of Lowell, Massachusetts. The loan was granted and they received $82,000 to help grow their Westford, Massachusetts business.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
WESTFORD, MA 01879

SBA Loan Lender

LOWELL FIVE CENT SAVINGS BANK
1 MERRIMACK PLZ
LOWELL, MA 01852

This bank 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

10/5/2004

Loan Approval Gross Amount

$82,000

Loan Approval from the SBA

Of the total $82,000 loan amount, the SBA guaranteed $69,700.

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 30 employees. The loan application did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We've showcased information on this loan to let you know that businesses like yours 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.

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