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May 1, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Child Day Care Services Loan | ||||
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SBA Lenders in New Jersey
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Raising Money for Child Day Care ServicesLooking for business loans for child day care services? An SBA loan may be just what you've been looking for. This $935,000 child day care services loan was issued by a New Jersey bank. This small business knew how to go about getting a business bank loan. Based in Gibbsboro, New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Cit Small Business Lending Corp, based in Livingston, New Jersey. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This lender provides SBA business 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 624410 - Child Day Care Services Loan Approval Date 6/10/2004 Loan Approval Gross Amount $935,000 Loan Approval from the SBA Of the total $935,000 loan amount, the SBA guaranteed $701,250. 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 10 employees. The loan application indicated that the loan would help retain 10 existing jobs. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $935,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 7A Banks for Livingston, New Jersey Loans
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