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May 11, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Savannah, Business Loans > First Chatham Bank Savannah Business Loans > Child Day Care Services Loan | ||||
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Savannah Bank Loan
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Savannah, Georgia Lender Lends Money to Child Day Care Services CompanyA Savannah, Georgia business loan can be yours. Learn how a business got a $1,867,000 business loan from this Georgia bank. This loan to a local firm is a good example of an SBA loan. First Chatham Bank made the loan and the SBA guaranteed a portion of the loan. Many other Texas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender FIRST CHATHAM BANK This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8351 - Child Day Care Services NAICS Code 624410 - Child Day Care Services Loan Approval Date 12/13/2006 Loan Approval Gross Amount $1,867,000 Loan Approval from the SBA Of the total $1,867,000 loan amount, the SBA guaranteed $1,400,250. 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 33 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. 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 $1,867,000 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:
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