 |
 |
May 6, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > North Carolina Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Exam Preparation And Tutoring Loan | ||||
 |
||||
SBA Lenders in Monroe
|
||||
 |
Business Loan from Cit Small Business Lending Corp Given to Exam Preparation And Tutoring CompanyAn SBA loan from Cit Small Business Lending Corp typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Monroe, North Carolina business owner got a $296,500 loan. This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Cit Small Business Lending Corp, out of Livingston, New Jersey. The loan was granted and they received $296,500 to help grow their Monroe, North Carolina business. SBA Loan Borrower COMPANY TYPE: EXAM PREPARATION AND TUTORING SBA Loan Lender CIT SMALL BUSINESS LENDING CORP As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611691 - Exam Preparation and Tutoring Loan Approval Date 2/9/2007 Loan Approval Gross Amount $296,500 Loan Approval from the SBA Of the total $296,500 loan amount, the SBA guaranteed $222,375. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 1 existing job. 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Cit Small Business Lending Corp and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Obtaining Funding From a Venture Capitalist Find an SBA Lender in Livingston, New Jersey Getting an SBA Loan in New Jersey
|
|
||
|
||||
|
|
||||