Cit Small Business Lending Corp Provides SBA Loan to Buy Management Recruiters Franchise

Borrowing money to purchase a Management Recruiters franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Management Recruiters franchise loans are available to Eagan, Minnesota 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 Management Recruiters franchise in 2005. We've got all the details on this Minnesota small business loan.

SBA Loan Borrower

MANAGEMENT RECRUITERS
EAGAN, MN 55122

SBA Loan Lender

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

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561310 -

Loan Approval Date

3/16/2005

Loan Approval Gross Amount

$523,000

Loan Approval from the SBA

Of the total $523,000 loan amount, the SBA guaranteed $392,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Management Recruiters franchise. At the time of the loan, the company had 8 employees. The loan application indicated that the loan would help retain 8 existing jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $523,000 loan. Remember, things become real when you believe you can achieve them!

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:

Management Recruiters International, Inc.

Microlending as a Small Business Funding Source

Small Business Banks in Livingston, New Jersey

Where to Get an SBA Loan New Jersey