Cit Small Business Lending Corp SBA Loan to Physicians Company

An SBA loan from Cit Small Business Lending Corp typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Goodyear (litchdield), Arizona business owner got a $750,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Goodyear (litchdield), Arizona was able to borrow $750,000 from Cit Small Business Lending Corp. The SBA made the loan possible by guaranteeing $562,500 of this Arizona small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
GOODYEAR (LITCHDIELD), AZ 85338

SBA Loan Lender

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

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

621111 - Physicians

Loan Approval Date

11/17/2005

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $562,500.

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 6 employees. The SBA loan documents indicated that the loan would help create 6 new jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Goodyear (litchdield) AZ, you ought to talk with a local Goodyear (litchdield) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Goodyear (litchdield) businesses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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.

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