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April 20, 2024 |
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| Home > Small Business Lenders by State > Georgia Business Loan Sources > Birmingham, Business Loans > Wachovia Bank Birmingham Business Loans > Child Day Care Services Loan | ||||
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Banks in Georgia
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Child Day Care Services LoansLooking for loans for child day care services? Talk to a banker who works with the SBA. This $70,400 child day care services loan was issued by an Alabama bank. This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Wachovia Bank, out of Birmingham, Alabama. The loan was granted and they received $70,400 to help grow their Evans, Georgia business. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender WACHOVIA BANK This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 624410 - Child Day Care Services Loan Approval Date 8/19/2004 Loan Approval Gross Amount $70,400 Loan Approval from the SBA Of the total $70,400 loan amount, the SBA guaranteed $35,200. 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 28 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: SBA Participating Banks in Birmingham, Alabama
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