Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Cit Small Business Lending Corp SBA Loans

 

 
Loan Census SBA Loan Info

Raising Money for Physicians

Looking for business loans for physicians? Talk to a banker who works with the SBA. This $432,000 physicians loan was issued by a New Jersey bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Destin, Florida was able to borrow $432,000 from Cit Small Business Lending Corp. The SBA made the loan possible by guaranteeing $324,000 of this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
Destin, FL 32550

SBA Loan Lender

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

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Physicians

Loan Approval Date

10/26/2007

Loan Approval Gross Amount

$432,000

Loan Approval from the SBA

Of the total $432,000 loan amount, the SBA guaranteed $324,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had no employees. The SBA loan documents indicated that the funding would help generate 3 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This SBA loan was for $432,000. How would you spend $432,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

The Friends and Family Network

SBA 7A Banks in Livingston, New Jersey

New Jersey SBA Banks