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April 17, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Woodcraft Loan | ||||
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Good Sources for Springfield SBA Loans
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Virginia Entrepreneur Secures Financing to Buy Woodcraft Franchise Corporation FranchiseBorrowing money to invest in a Woodcraft Franchise Corporation franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA. If you live near Springfield, Virginia and are interested in buying a Woodcraft Franchise Corporation franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Cit Small Business Lending Corp. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower WOODCRAFT SBA Loan Lender CIT SMALL BUSINESS LENDING CORP The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5072 - Hardware NAICS Code 444130 - Hardware Stores Loan Approval Date 12/1/2004 Loan Approval Gross Amount $999,000 Loan Approval from the SBA Of the total $999,000 loan amount, the SBA guaranteed $749,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Woodcraft Franchise Corporation franchise. At the time of the loan, the company had 16 employees. The SBA loan documents did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA Approved Banks in Livingston, New Jersey
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