Child Day Care Services Small Business Loans

Looking for small business loans for child day care services? The SBA may be the answer. This $561,500 child day care services loan was issued by a Pennsylvania bank.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Commerce Bank, out of Devon, Pennsylvania. The loan was granted and they received $561,500 to help grow their Newtown, Pennsylvania business.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
NEWTOWN, PA 18940

SBA Loan Lender

COMMERCE BANK
200 LANCASTER AVE
DEVON, PA 19333

This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

7/23/2002

Loan Approval Gross Amount

$561,500

Loan Approval from the SBA

Of the total $561,500 loan amount, the SBA guaranteed $421,125.

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 77 employees. The loan application indicated that the loan would help retain 77 existing jobs.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $561,500. How would you spend $561,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Small Business Loan

SBA Participating Banks in Devon, Pennsylvania

Pennsylvania SBA Banks