Where to Get Capital for Child Day Care Services

Looking for SBA loans for child day care services? Talk to a banker who works with the SBA. This $108,318 child day care services loan was issued by a Mississippi bank.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Pike National Bank, out of Mccomb, Mississippi. The loan was granted and they received $108,318 to help grow their Woodville, Mississippi business.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
WOODVILLE, MS 39669

SBA Loan Lender

PIKE NATIONAL BANK
350 RAWLS DR
MCCOMB, MS 39648

This lender issued this particular 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.

SIC Code

8351 - Child Day Care Services

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

10/26/2001

Loan Approval Gross Amount

$108,318

Loan Approval from the SBA

Of the total $108,318 loan amount, the SBA guaranteed $92,070.

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 5 employees. The loan application did not indicate that the SBA funding recipient 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?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $108,318 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Raising VC Money for Social Networking Companies

SBA 7A Banks for Mccomb, Mississippi Loans

Mississippi SBA 7A Lenders