SBA Loan from U.S. Bank National Association Helps Child Day Care Services Company
U.S. Bank National Association is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Tennessee entrepreneur who tapped into the power of SBA loans.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hermitage, Tennessee was able to borrow $538,000 from U.S. Bank National Association. The SBA made the loan possible by guaranteeing $403,500 of this Tennessee small business loan.
SBA Loan Borrower
COMPANY TYPE: CHILD DAY CARE SERVICES
HERMITAGE, TN 37076
SBA Loan Lender
U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
624410 - Child Day Care Services
Loan Approval Date
9/30/2003
Loan Approval Gross Amount
$538,000
Loan Approval from the SBA
Of the total $538,000 loan amount, the SBA guaranteed $403,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 8 employees. This SBA loan request indicated that the loan would help create 8 new jobs.
Getting an SBA Loan For Your Business
If you want money for new small business in Hermitage TN, you ought to talk with a local Hermitage SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hermitage businesses.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $538,000 loan. Remember, you control your own destiny.
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.
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