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April 27, 2024 |
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| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Carvel Loan | ||||
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Good Banks for Mooresville Small Businesses
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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 Mooresville, North Carolina 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 North Carolina small business loan. SBA Loan Borrower CARVEL SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This lender provides SBA loan for small businesses 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 445299 - Specialty Food Stores Loan Approval Date 12/27/2004 Loan Approval Gross Amount $236,700 Loan Approval from the SBA Of the total $236,700 loan amount, the SBA guaranteed $177,525. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Carvel Ice Cream franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help create 5 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. 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: Microlending as a Small Business Funding Source Good Banks for Small Business in Livingston, New Jersey
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