Loan to Buy Sears Catalog Store Franchise Issued By Cit Small Business Lending Corp
Need money to buy a Sears Catalog Store franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.
Sears Catalog Store franchise loans are available to Thomasville, Alabama entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cit Small Business Lending Corp, based in Livingston, New Jersey, issued an SBA franchise loan for a Sears Catalog Store franchise in 2000. We've got all the details on this Alabama small business loan.
SBA Loan Borrower
SEARS THOMASVILLE AL
THOMASVILLE, AL 36784
SBA Loan Lender
CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039
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.
5722 - Household Appliance Stores
443111 - Household Appliance Stores
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $530,000 loan amount, the SBA guaranteed $397,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Sears Catalog Store franchise. At the time of the loan, the company
had 6 employees. The SBA loan application for the borrower indicated that the loan would help create 6 new jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Cit Small Business Lending Corp are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.
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