How to Get a Loan for Child Day Care Services
With these business loans for child day care services, the SBA guarantees the lender that the loan will be repaid. This child day care services loan for $80,000 was given to a Pennsylvania entrepreneur in 2005.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Scott Township, Pennsylvania was able to borrow $80,000 from National City Bank. The SBA made the loan possible by guaranteeing $40,000 of this Pennsylvania small business loan.
SBA Loan Borrower
COMPANY TYPE: CHILD DAY CARE SERVICES
Scott Township, PA 15106
SBA Loan Lender
NATIONAL CITY BANK
20 STANWIX ST, NATIONAL CITY
PITTSBURGH, PA 15222
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
624410 - Child Day Care Services
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $80,000 loan amount, the SBA guaranteed $40,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 24 employees. The SBA loan application for the borrower indicated that the loan would help retain 24 existing jobs.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
We can help you find the best banks for small businesses in Scott Township 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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