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May 7, 2024 |
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| Home > Small Business Lenders by State > Maryland Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Physicians Loan | ||||
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Waldorf SBA Loans
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Maryland Bank Loan Issued to Physicians CompanyMarylandSBA loans are available to Maryland entrepreneurs through the SBA. In this case, a New Jersey bank provides the loan. This small business, based in Waldorf, Maryland, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Cit Small Business Lending Corp. We've got the inside scoop on this Maryland small business loan. SBA Loan Borrower COMPANY TYPE: PHYSICIANS SBA Loan Lender CIT SMALL BUSINESS LENDING CORP SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621111 - Physicians Loan Approval Date 8/3/2006 Loan Approval Gross Amount $743,000 Loan Approval from the SBA Of the total $743,000 loan amount, the SBA guaranteed $557,250. 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. The loan application did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $743,000. How would you spend $743,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Borrowing Money from Friends and Family SBA 7A Banks for Livingston, New Jersey Loans
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