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May 3, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Child Day Care Services Loan | ||||
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Requirements for Business Owners On Getting a Loan
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How to Get a Loan for Child Day Care ServicesLooking for business loans for child day care services? The SBA may be the answer. This $619,000 child day care services loan was issued by a New Jersey bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Phoenix, Arizona was able to borrow $619,000 from Cit Small Business Lending Corp. The SBA made the loan possible by guaranteeing $464,250 of this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender CIT SMALL BUSINESS LENDING CORP 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 1/3/2003 Loan Approval Gross Amount $619,000 Loan Approval from the SBA Of the total $619,000 loan amount, the SBA guaranteed $464,250. 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 49 employees. The loan application indicated that the loan would help generate 24 new jobs and retain 25 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in Phoenix 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. Related Links: Banking Deregulation's Effects on Entrepreneurship SBA 7A Banks in Livingston, New Jersey
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