Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Carrollton, Texas Bank Loan

 

 
Loan Census SBA Loan Info

Commercial Loans for Florists

Looking for commercial loans for florists? An SBA loan may be just what you've been looking for. This $313,200 florists loan was issued by a New Jersey bank.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Cit Small Business Lending Corp, out of Livingston, New Jersey. The loan was granted and they received $313,200 to help grow their Carrollton, Texas business.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
CARROLLTON, TX 75006

SBA Loan Lender

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

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453110 - Florists

Loan Approval Date

11/14/2005

Loan Approval Gross Amount

$313,200

Loan Approval from the SBA

Of the total $313,200 loan amount, the SBA guaranteed $234,900.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

We've showcased information on this loan to let you know that businesses like yours 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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