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April 26, 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 > Capriottis Sandwich Shop Loan | ||||
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Advice for Borrowing Money to Buy a Franchise
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Borrow Money to Buy a Capriotti FranchiseBorrowing money to invest in a Capriotti franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Capriotti franchise is doable. In 2008, Cit Small Business Lending Corp issued an SBA franchise loan to an entrepreneur in Las Vegas, Nevada. Because Capriotti was registered with the SBA's registry of franchises, this Nevada small business loan was issued on an expedited basis. SBA Loan Borrower CAPRIOTTIS SANDWICH SHOP SBA Loan Lender CIT SMALL BUSINESS LENDING CORP The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 1/17/2008 Loan Approval Gross Amount $255,000 Loan Approval from the SBA Of the total $255,000 loan amount, the SBA guaranteed $191,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Capriotti franchise. At the time of the loan, the company had 9 employees. This SBA loan request indicated that the loan would help retain 9 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Cit Small Business Lending Corp and they will explain how you can get an SBA loan for your company. 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: Banks in Livingston, New Jersey
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