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April 19, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Intermediate Care Facilities Loan | ||||
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Trussville SBA Loans
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Trussville, Alabama Entrepreneur Gets an SBA LoanAlabamaSmall business loans are available to Alabama small business owners through the SBA. In this case, a New Jersey bank provides the loan. By giving the right information to Cit Small Business Lending Corp, this Trussville, Alabama business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: INTERMEDIATE CARE FACILITIES SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This commercial loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8052 - Intermediate Care Facilities Loan Approval Date 4/6/2000 Loan Approval Gross Amount $755,000 Loan Approval from the SBA Of the total $755,000 loan amount, the SBA guaranteed $566,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Obtaining Funding From a Venture Capitalist Who Lends Money to Small Businesses in Livingston, New Jersey Getting an SBA Loan in New Jersey
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