Borrowing Money for Child Day Care Services
Looking for loans for child day care services? Try the SBA. This $20,000 child day care services loan was issued by an Oklahoma bank.
Getting a small business loan in Tulsa, Oklahoma was important for Advanced Childcare Inc back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Stillwater National Bank & Trust, operating out of Stillwater, Oklahoma. Here are the details on this Oklahoma small business loan.
SBA Loan Borrower
ADVANCED CHILDCARE INC
3024 S SHERIDAN
TULSA, OK 74114
SBA Loan Lender
STILLWATER NATIONAL BANK & TRUST
608 S MAIN
STILLWATER, OK 74074
This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
624410 - Child Day Care Services
Loan Approval Date
11/8/2001
Loan Approval Gross Amount
$20,000
Loan Approval from the SBA
Of the total $20,000 loan amount, the SBA guaranteed $10,000.
More Information on This SBA Loan
The borrower, Advanced Childcare Inc, 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 7 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 7 existing jobs.
Start the Process for Getting an SBA Loan Today!
Don't apply for a loan directly with the SBA. You need to 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.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Advanced Childcare Inc needed a loan. Stillwater National Bank & Trust probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Stillwater National Bank & Trust made the loan. The end result was that Advanced Childcare Inc was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Dealing With Venture Capitalists
SBA 7A Banks in Stillwater, Oklahoma
Getting a Business Loan in Oklahoma
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