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May 8, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Boise, Business Loans > Bank Of The Cascades Boise Business Loans > Child Day Care Services Loan | ||||
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How Do We Get a Business Loan in Meridian, Idaho?
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Business Loans for Child Day Care ServicesLooking for business loans for child day care services? Try the SBA. This $26,800 child day care services loan was issued by an Idaho bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Meridian, Idaho was able to borrow $26,800 from Bank Of The Cascades. The SBA made the loan possible by guaranteeing $22,780 of this Idaho small business loan. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender BANK OF THE CASCADES 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 7/12/2002 Loan Approval Gross Amount $26,800 Loan Approval from the SBA Of the total $26,800 loan amount, the SBA guaranteed $22,780. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. While you may be able to borrow money from friends and family, 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: Obtaining Funding - Getting Venture Capital Best Boise, Idaho Banks for Small Business
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