Business Loan from Cit Small Business Lending Corp Given to Services Related To Advertising Company

Cit Small Business Lending Corp has a track record as a leading provider of SBA loans. Find out how this New Hampshire entrepreneur received an SBA loan from them.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bedford, New Hampshire was able to borrow $215,500 from Cit Small Business Lending Corp. The SBA made the loan possible by guaranteeing $161,625 of this New Hampshire small business loan.

SBA Loan Borrower

COMPANY TYPE: SERVICES RELATED TO ADVERTISING
BEDFORD, NH 03110

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

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

541890 - Services Related to Advertising

Loan Approval Date

9/25/2002

Loan Approval Gross Amount

$215,500

Loan Approval from the SBA

Of the total $215,500 loan amount, the SBA guaranteed $161,625.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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