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April 28, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Schools And Educational Services Loan | ||||
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New Jersey SBA Lenders
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Livingston, New Jersey Lender Lends Money to Schools And Educational Services CompanyThinking about meeting with a Livingston, New Jersey bank about a business loan? Here's one Kentucky business loan, issued by a Livingston bank, that was approved by the SBA. Applying for an SBA loan with Cit Small Business Lending Corp worked out well for our friends at one local business in Louisville, Kentucky. The business was able to get an SBA loan for $1,163,400. Awesome! SBA Loan Borrower COMPANY TYPE: SCHOOLS AND EDUCATIONAL SERVICES SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8299 - Schools and Educational Services NAICS Code 611620 - Sports and Recreation Instruction Loan Approval Date 12/18/2001 Loan Approval Gross Amount $1,163,400 Loan Approval from the SBA Of the total $1,163,400 loan amount, the SBA guaranteed $732,942. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 28 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business 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 $1,163,400 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: Raising VC Money for Social Networking Companies SBA 7A Banks for Livingston, New Jersey Loans
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