Borrowing Money for Child Day Care Services

Looking for small business loans for child day care services? Try the SBA. This $124,038 child day care services loan was issued by an Alabama bank.

This small firm knew how to go about getting a business bank loan. Based in Montgomery, Alabama, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Sterling Bank, based in Montgomery, Alabama.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
MONTGOMERY, AL 36101

SBA Loan Lender

STERLING BANK
4121 CARMICHAEL RD, STE 100
MONTGOMERY, AL 36106

This lender issued this particular 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.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

9/30/2005

Loan Approval Gross Amount

$124,038

Loan Approval from the SBA

Of the total $124,038 loan amount, the SBA guaranteed $105,432.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

We can help you find the best banks for small businesses in Montgomery or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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