 |
 |
May 3, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Oregon Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Construction Sand And Gravel Loan | ||||
 |
||||
SBA 7A Banks That Lend to Redmond Entrepreneurs
|
||||
 |
Oregon Bank Loan Issued to Construction Sand And Gravel CompanyWould an Oregon business loan help your company expand? If so, you may want to talk with this New Jersey bank, which offers SBA loans to Oregon entrepreneurs. By giving the right information to Cit Small Business Lending Corp, this Redmond, Oregon business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: CONSTRUCTION SAND AND GRAVEL SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This SBA loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and are well trained in SBA lending rules and regulations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1442 - Construction Sand and Gravel NAICS Code 212321 - Construction Sand and Gravel Mining Loan Approval Date 6/1/2000 Loan Approval Gross Amount $610,000 Loan Approval from the SBA Of the total $610,000 loan amount, the SBA guaranteed $457,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Family and Friend Investors - Your First Financiers SBA 7A Banks in Livingston, New Jersey
|
|
||
|
||||
|
|
||||