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May 4, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Saint Louis, Business Loans > Heartland Bank Saint Louis Business Loans > Child Day Care Services Loan | ||||
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Missouri Small Business Funding
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Child Day Care Services Commercial LoansLooking for commercial loans for child day care services? An SBA loan may be just what you've been looking for. This $100,000 child day care services loan was issued by a Missouri bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in St. Louis, Missouri was able to borrow $100,000 from Heartland Bank. The SBA made the loan possible by guaranteeing $85,000 of this Missouri small business loan. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender HEARTLAND BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624410 - Child Day Care Services Loan Approval Date 6/2/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 5 employees. The loan application did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you want money for new small business in St. Louis MO, you ought to talk with a local St. Louis SBA lender or talk with an out-of-area SBA lender that has previously loaned money to St. Louis businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Heartland Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Accountant's Role in Securing Financing SBA Participating Banks in Saint Louis, Missouri
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