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April 29, 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 > Power Place Inc And Power Rent Loan | ||||
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How to Get SBA Loans in Rockaway, New Jersey
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Cit Small Business Lending Corp Provides SBA Loan to Buy Taylor Rental Center FranchiseBorrowing money to purchase a Taylor Rental Center franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA. If you live near Rockaway, New Jersey and are interested in buying a Taylor Rental Center franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Cit Small Business Lending Corp. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower POWER PLACE INC AND POWER RENT 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 444210 - Outdoor Power Equipment Stores Loan Approval Date 12/30/2004 Loan Approval Gross Amount $278,000 Loan Approval from the SBA Of the total $278,000 loan amount, the SBA guaranteed $208,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Taylor Rental Center franchise. At the time of the loan, the company had 14 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 14 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? 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 7A Banks in Livingston, New Jersey
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