Cit Small Business Lending Corp Provides SBA Loan to Buy Rocky Mountain Chocolate Factory Franchise

Borrowing money to buy a Rocky Mountain Chocolate Factory franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Rocky Mountain Chocolate Factory franchise loans are available to Charlotte, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cit Small Business Lending Corp, based in Livingston, New Jersey, issued an SBA franchise loan for a Rocky Mountain Chocolate Factory franchise in 2005. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

ROCKY MOUNTAIN CHOCOLATE FACTO
CHARLOTTE, NC 28216

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311320 - Chocolate and Confectionery Manufacturing from Cacao Beans

Loan Approval Date

5/25/2005

Loan Approval Gross Amount

$315,900

Loan Approval from the SBA

Of the total $315,900 loan amount, the SBA guaranteed $236,925.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Rocky Mountain Chocolate Factory franchise. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Rocky Mountain Chocolate Factory

Getting a Small Business Loan

SBA 7A Lenders in Livingston, New Jersey

Getting an SBA Loan in New Jersey