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April 28, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Carvel Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Borrow Money to Buy a Carvel Ice Cream FranchiseBorrowing money to buy a Carvel Ice Cream franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Henderson, Nevada needed money to invest in a Carvel Ice Cream franchise back in 2004. Cit Small Business Lending Corp issued an SBA franchise loan. Here are the details on this Nevada small business loan. SBA Loan Borrower CARVEL SBA Loan Lender CIT SMALL BUSINESS LENDING CORP 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 445299 - Specialty Food Stores Loan Approval Date 4/22/2004 Loan Approval Gross Amount $234,200 Loan Approval from the SBA Of the total $234,200 loan amount, the SBA guaranteed $175,650. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Carvel Ice Cream franchise. At the time of the loan, the company had 7 employees. The SBA loan documents indicated that the loan would help create 7 new jobs. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. 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 $234,200 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 in Livingston, New Jersey Getting a Business Loan in New Jersey
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