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May 17, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Oxford, Business Loans > Oxford Bank Oxford Business Loans > Child Day Care Services Loan | ||||
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How to Get SBA Loans in Clarkston, Michigan
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Child Day Care Services Commercial LoansLooking for commercial loans for child day care services? An SBA loan may be just what you've been looking for. This $91,000 child day care services loan was issued by a Michigan bank. This business knew how to go about getting a business bank loan. Based in Clarkston, Michigan, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Oxford Bank, based in Oxford, Michigan. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender OXFORD BANK 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. SIC Code 8351 - Child Day Care Services NAICS Code 624410 - Child Day Care Services Loan Approval Date 6/19/2003 Loan Approval Gross Amount $91,000 Loan Approval from the SBA Of the total $91,000 loan amount, the SBA guaranteed $77,350. 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 18 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This SBA loan was for $91,000. How would you spend $91,000 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: Where to Get an SBA Loan in Oxford, Michigan
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