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April 29, 2024 |
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| Home > Small Business Lenders by State > Tennessee Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Fabricated Pipe And Pipe Fittings Loan | ||||
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SBA Lenders for Collierville Small Businesses
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Tennessee SBA Loan Issued to Fabricated Pipe And Pipe Fittings CompanyTennesseeBank loans are available to Tennessee firms 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 Collierville, Tennessee business was able to get an SBA loan. To get this loan, the entrepreneur 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: FABRICATED PIPE AND PIPE FITTINGS SBA Loan Lender CIT SMALL BUSINESS LENDING CORP When it made this small business loan, this bank was part of the SBA's Certified Lenders Program (CLP). This program was created to give rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3498 - Fabricated Pipe and Pipe Fittings NAICS Code 332996 - Fabricated Pipe and Pipe Fitting Manufacturing Loan Approval Date 7/28/2004 Loan Approval Gross Amount $903,000 Loan Approval from the SBA Of the total $903,000 loan amount, the SBA guaranteed $677,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 65 employees. The loan application did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Small Bank Loans in Livingston, New Jersey
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