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November 21, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Crown Trophy Loan | ||||
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Cedar Springs, Michigan Bank for SBA Loans
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Cit Small Business Lending Corp Provides SBA Loan to Buy Crown Trophy FranchiseBorrowing money to invest in a Crown Trophy franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Cedar Springs, Michigan needed money to invest in a Crown Trophy franchise back in 2002. Cit Small Business Lending Corp issued an SBA franchise loan. Here are the details on this Michigan small business loan. SBA Loan Borrower CROWN TROPHY SBA Loan Lender CIT SMALL BUSINESS LENDING CORP 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 453220 - Gift, Novelty, and Souvenir Stores Loan Approval Date 1/10/2002 Loan Approval Gross Amount $98,000 Loan Approval from the SBA Of the total $98,000 loan amount, the SBA guaranteed $83,300. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Crown Trophy franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the funding would help generate 2 new jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. 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. Related Links: Who Lends Money to Small Businesses in Livingston, New Jersey
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