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May 3, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Professional Equipment And Supplies Merchant Wholesalers Loan | ||||
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How Hard Is It to Get a Small Business Loan in Pacheco, California?
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Professional Equipment and Supplies Merchant Wholesalers Commercial LoansLooking for commercial loans for professional equipment and supplies merchant wholesalers? The SBA may be the answer. This $323,000 professional equipment and supplies merchant wholesalers loan was issued by a New Jersey bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pacheco, California was able to borrow $323,000 from Cit Small Business Lending Corp. The SBA made the loan possible by guaranteeing $242,250 of this California small business loan. SBA Loan Borrower COMPANY TYPE: PROFESSIONAL EQUIPMENT AND SUPPLIES MERCHANT WHOLESALERS 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 423490 - Professional Equipment and Supplies Merchant Wholesalers Loan Approval Date 3/9/2007 Loan Approval Gross Amount $323,000 Loan Approval from the SBA Of the total $323,000 loan amount, the SBA guaranteed $242,250. 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 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Dealing With Venture Capitalists Banks in Livingston, New Jersey Getting an SBA Loan in New Jersey
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