Livingston, New Jersey Lender Lends Money to Local Trucking With Storage Company
Want to talk with a Livingston, New Jersey bank about a business loan? Here's one Texas business loan, issued by a Livingston bank, that was approved by the SBA.
Applying for an SBA loan with Cit Small Business Lending Corp worked out well for our friends at one local firm in Keller, Texas. They got an SBA loan for $1,926,000. Sweet!
SBA Loan Borrower
COMPANY TYPE: LOCAL TRUCKING WITH STORAGE
KELLER, TX 76248
SBA Loan Lender
CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039
This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
4214 - Local Trucking With Storage
Loan Approval Date
3/22/2000
Loan Approval Gross Amount
$1,926,000
Loan Approval from the SBA
Of the total $1,926,000 loan amount, the SBA guaranteed $749,984.
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 7 employees. The loan application indicated that the loan would help retain 7 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Cit Small Business Lending Corp that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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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