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December 21, 2024 |
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| Home > Small Business Lenders by State > Oregon Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Petroleum And Petroleum Products Loan | ||||
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Banks Doing SBA Loans in New Jersey
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Livingston, New Jersey Lender Lends Money to Petroleum And Petroleum Products CompanyA Livingston, New Jersey SBA loan can be yours. Learn how a company got a $1,633,000 business loan from this New Jersey bank. This loan to an entrepreneur is a good example of an SBA loan. Cit Small Business Lending Corp made the loan and the SBA guaranteed a portion of the loan. Many other Oregon entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: PETROLEUM AND PETROLEUM PRODUCTS SBA Loan Lender CIT SMALL BUSINESS LENDING CORP At the time this loan was granted, the lender participated in the SBA's Certified Lenders Program (CLP). This program is designed to give expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5172 - Petroleum and Petroleum Products NAICS Code 422720 - Petroleum and Petroleum Products Wholesalers Loan Approval Date 12/20/2001 Loan Approval Gross Amount $1,633,000 Loan Approval from the SBA Of the total $1,633,000 loan amount, the SBA guaranteed $1,018,714. 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 10 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Cit Small Business Lending Corp so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Obtaining Funding - Getting Venture Capital SBA Banks in Livingston, New Jersey
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