Loans for Child Day Care Services

Looking for loans for child day care services? Talk to a banker who works with the SBA. This $640,000 child day care services loan was issued by an Oklahoma bank.

This small firm knew how to go about getting a business bank loan. Based in Bixby, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Onb Bank And Trust Company, based in Tulsa, Oklahoma.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
BIXBY, OK 74008

SBA Loan Lender

ONB BANK AND TRUST COMPANY
8908 S YALE AVE, STE 100
TULSA, OK 74137

This lender issued this business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

8/14/2007

Loan Approval Gross Amount

$640,000

Loan Approval from the SBA

Of the total $640,000 loan amount, the SBA guaranteed $480,000.

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 8 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Bixby OK, you ought to talk with a local Bixby SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bixby businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Onb Bank And Trust Company and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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