Choose a lending program that fits your center.
- Financing ranging from $5 - $100 million
- Various terms available
- Available to nonprofits and for-profits
Financing ranging from $5 - $100 million Financing to cater to our communities' youngest members
Lincoln Savings Bank goes the extra mile to help Iowa communities and businesses achieve their goals. Our team of highly engaged lenders will work with you to develop financing solutions designed to fit your community child care center's needs. Lincoln Savings Bank has the expertise in government-guaranteed lending programs your child care center needs to thrive.
| Community Facilities Program (USDA) | Business & Industry Program (USDA) | SBA 7(a) | |
|---|---|---|---|
| Project Size | Up to 100% financing on up to $100 million | Up to 100% financing on up to $25 million | Up to 100% financing on up to $5 million |
| Term/Amortization | Up to 40 years | Up to 40 years | Up to 25 years |
| Pricing | Floating, fixed-rate adjustable or fixed-for-term | Floating, fixed-rate adjustable or fixed-for-term | Floating, fixed-rate adjustable or fixed-for-term |
| Borrow Type | Non-Profit organizations & public bodies/municipalities |
For-Profit or Non-Profit Businesses | For-Profit Entities |
| Eligible Markets | Population <50,000 | Population <50,000 | No restriction |
| Potential | 80% Guarantee | 80% Guarantee | 75-90% Guarantee |
These terms are basic program terms and are subject to LSB approval and SBA/USDA approval.