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May 10, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > New York, Business Loans > Business Loan Center, LLC New York Business Loans > Child Day Care Services Loan | ||||
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We Needed a Small Business Loan in Erie, Colorado and We Got One!
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Raising Money for Child Day Care ServicesLooking for business loans for child day care services? The SBA may be the answer. This $697,500 child day care services loan was issued by a New York bank. This small business knew how to go about getting a business bank loan. Based in Erie, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Business Loan Center, LLC, based in New York, New York. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender BUSINESS LOAN CENTER, LLC As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624410 - Child Day Care Services Loan Approval Date 4/12/2007 Loan Approval Gross Amount $697,500 Loan Approval from the SBA Of the total $697,500 loan amount, the SBA guaranteed $523,125. 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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 Bank Loans in New York, New York
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