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April 26, 2024 |
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| Home > Small Business Lenders by State > New Jersey Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Tiari Inc Loan | ||||
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Raising Money in Princeton, New Jersey With SBA Loans
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Princeton, NJ Entrepreneur Gets SBA Loan to Buy Goddard Early Learning Center FranchiseNeed money to invest in a Goddard Early Learning Center franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Princeton, New Jersey needed money to invest in a Goddard Early Learning Center franchise back in 2003. Cit Small Business Lending Corp issued an SBA franchise loan. Here are the details on this New Jersey small business loan. SBA Loan Borrower TIARI INC 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 624410 - Child Day Care Services Loan Approval Date 4/25/2003 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Goddard Early Learning Center franchise. At the time of the loan, the company had 8 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: SBA Participating Banks in Livingston, New Jersey
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