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May 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Temecula, Business Loans > Temecula Valley Bank Temecula Business Loans > Child Day Care Services Loan | ||||
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Tamarac, Florida Bank Loan
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Child Day Care Services Commercial LoansLooking for commercial loans for child day care services? Talk to a banker who works with the SBA. This $795,600 child day care services loan was issued by a California bank. This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Temecula Valley Bank, out of Temecula, California. The loan was granted and they received $795,600 to help grow their Tamarac, Florida business. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender TEMECULA VALLEY BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624410 - Child Day Care Services Loan Approval Date 7/30/2003 Loan Approval Gross Amount $795,600 Loan Approval from the SBA Of the total $795,600 loan amount, the SBA guaranteed $596,700. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 15 new jobs and retain 18 existing jobs. Getting an SBA Loan For Your Business Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $795,600 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Best Banks in Temecula, California Find an SBA Lender in California
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