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May 12, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Rockford, Business Loans > Amcore Bank Rockford Business Loans > Child Day Care Services Loan | ||||
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SBA Lenders in Illinois
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Child Day Care Services LoansLooking for loans for child day care services? An SBA loan may be just what you've been looking for. This $678,200 child day care services loan was issued by an Illinois bank. This company knew how to go about getting a business bank loan. Based in Spring Grove, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Amcore Bank, based in Rockford, Illinois. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender AMCORE BANK This loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending history and a thorough understanding of SBA loan requirements. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624410 - Child Day Care Services Loan Approval Date 9/27/2002 Loan Approval Gross Amount $678,200 Loan Approval from the SBA Of the total $678,200 loan amount, the SBA guaranteed $508,650. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 26 employees. The loan application did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Find an SBA Lender in Rockford, Illinois
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