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May 8, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Dentists Loan | ||||
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SBA Loan from Cit Small Business Lending Corp
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Cit Small Business Lending Corp SBA Loan to Dentists CompanyCit Small Business Lending Corp and the SBA work together to get business loans for growing small businesses. Here's an example of how an Illinois entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Barrington, Illinois was able to borrow $632,000 from Cit Small Business Lending Corp. The SBA made the loan possible by guaranteeing $474,000 of this Illinois small business loan. SBA Loan Borrower COMPANY TYPE: DENTISTS SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621210 - Dentists Loan Approval Date 3/2/2004 Loan Approval Gross Amount $632,000 Loan Approval from the SBA Of the total $632,000 loan amount, the SBA guaranteed $474,000. 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 only one employee. This SBA loan request indicated that the loan would help create 1 new job. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Cit Small Business Lending Corp so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Who Lends Money to Small Businesses in Livingston, New Jersey
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