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May 3, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Roofing, Siding, And Sheet Metal Contractors Loan | ||||
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How Hard Is It to Get a Small Business Loan in Jacksonville, Florida?
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Roofing, Siding, and Sheet Metal Contractors SBA LoansLooking for SBA loans for roofing, siding, and sheet metal contractors? Try the SBA. This $359,600 roofing, siding, and sheet metal contractors loan was issued by a New Jersey bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Jacksonville, Florida was able to borrow $359,600 from Cit Small Business Lending Corp. The SBA made the loan possible by guaranteeing $269,700 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: ROOFING, SIDING, AND SHEET METAL CONTRACTORS SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 235610 - Roofing, Siding, and Sheet Metal Contractors Loan Approval Date 12/30/2002 Loan Approval Gross Amount $359,600 Loan Approval from the SBA Of the total $359,600 loan amount, the SBA guaranteed $269,700. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 38 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Cit Small Business Lending Corp had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Cit Small Business Lending Corp made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Best Banks for Small Business in Livingston, New Jersey
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