Cit Small Business Lending Corp Gives SBA Loan to Medical Laboratories Company

Would a Texas small business loan help your small business to grow and prosper? If so, you may want to talk with this Colorado bank, which offers SBA loans to Texas entrepreneurs.

This business, based in El Paso, Texas, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Cit Small Business Lending Corp. We've got the inside scoop on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: MEDICAL LABORATORIES
EL PASO, TX 79928

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1526 COLE BLVD., BLDG #3, STE
GOLDEN, CO 80401

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621511 - Medical Laboratories

Loan Approval Date

8/6/2007

Loan Approval Gross Amount

$389,000

Loan Approval from the SBA

Of the total $389,000 loan amount, the SBA guaranteed $291,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help generate 6 new jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in El Paso TX, you ought to talk with a local El Paso SBA lender or talk with an out-of-area SBA lender that has previously loaned money to El Paso businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Financing Your Business

SBA Banks in Golden, Colorado

Browse All Business Loan Sources for Colorado