Cit Small Business Lending Corp Provides SBA Loan to Buy Zaxby's Franchise
Need a loan to invest in a Zaxby's franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.
Zaxby's franchise loans are available to Bluffton, South Carolina 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 Zaxby's franchise in 2007. We've got all the details on this South Carolina small business loan.
SBA Loan Borrower
ZAXBY'S
BLUFFTON, SC 29910
SBA Loan Lender
CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039
This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
2/6/2007
Loan Approval Gross Amount
$2,000,000
Loan Approval from the SBA
Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Zaxby's franchise. At the time of the loan, the company
had 25 employees. The SBA loan application for the borrower indicated that the loan would help generate 24 new jobs and retain 1 existing job.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Cit Small Business Lending Corp and they will explain how you can get an SBA loan for your company.
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:
Zaxby's
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SBA Approved Banks in Livingston, New Jersey
SBA Lenders in New Jersey