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May 1, 2024 |
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| Home > Small Business Lenders by State > Virginia Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Commercial Printing Loan | ||||
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Raising Money in Purcellville, Virginia With SBA Loans
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Commercial Printing Business LoansLooking for business loans for commercial printing? Talk to a banker who works with the SBA. This $870,000 commercial printing loan was issued by a New Jersey bank. This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Cit Small Business Lending Corp, out of Livingston, New Jersey. The loan was granted and they received $870,000 to help grow their Purcellville, Virginia business. SBA Loan Borrower COMPANY TYPE: COMMERCIAL PRINTING SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This lender provides SBA bank loans 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 323119 - Commercial Printing Loan Approval Date 2/16/2002 Loan Approval Gross Amount $870,000 Loan Approval from the SBA Of the total $870,000 loan amount, the SBA guaranteed $652,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 22 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 21 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We can help you find the best banks for small businesses in Purcellville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Approved Banks in Livingston, New Jersey
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