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May 5, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Testing Laboratories Loan | ||||
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How Hard Is It to Get a Small Business Loan in Reno, Nevada?
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Financing for Testing LaboratoriesLooking for loans for testing laboratories? Try the SBA. This $1,240,000 testing laboratories loan was issued by a New Jersey bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Reno, Nevada was able to borrow $1,240,000 from Cit Small Business Lending Corp. The SBA made the loan possible by guaranteeing $930,000 of this Nevada small business loan. SBA Loan Borrower COMPANY TYPE: TESTING LABORATORIES SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541380 - Testing Laboratories Loan Approval Date 6/12/2002 Loan Approval Gross Amount $1,240,000 Loan Approval from the SBA Of the total $1,240,000 loan amount, the SBA guaranteed $930,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 16 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 14 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. 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: Realistic Debt Financing Options Who Lends Money to Small Businesses in Livingston, New Jersey Getting an SBA Loan in New Jersey
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