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| Entrepreneur Resources | Comerica Bank Dallas Business Loans | ||||
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I Need a Business Loan in Miami, Florida
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Commercial Loans for Child Day Care ServicesLooking for commercial loans for child day care services? Talk to a banker who works with the SBA. This $612,000 child day care services loan was issued by a Texas bank.
Kid's Inn received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Comerica Bank, out of Dallas, Texas. The loan was granted and they received $612,000 to help grow their Miami, Florida business. SBA Loan Borrower KID'S INN SBA Loan Lender COMERICA BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624410 - Child Day Care Services Loan Approval Date 12/9/2005 Loan Approval Gross Amount $612,000 Loan Approval from the SBA Of the total $612,000 loan amount, the SBA guaranteed $459,000. More Information on This SBA Loan The borrower, Kid's Inn, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 7 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan to Kid's Inn 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 SBA loan database. Related Links: Family and Friend Investors - Your First Financiers Best Banks for Small Business in Dallas, Texas Getting a Business Loan in Texas If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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