Livingston, New Jersey Bank Lends Money to Broadwoven Fabric Finishing Mills Company in Los Angeles, California
Want to talk with a Livingston, New Jersey bank about a business loan? Here's one California 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 company in Los Angeles, California. They received an SBA loan for $999,000. Way to go!
SBA Loan Borrower
COMPANY TYPE: BROADWOVEN FABRIC FINISHING MILLS
LOS ANGELES, CA 90058
SBA Loan Lender
CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039
This lender provides SBA debt financing 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.
NAICS Code
313311 - Broadwoven Fabric Finishing Mills
Loan Approval Date
3/8/2002
Loan Approval Gross Amount
$999,000
Loan Approval from the SBA
Of the total $999,000 loan amount, the SBA guaranteed $749,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 15 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 14 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Cit Small Business Lending Corp and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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:
Getting a Small Business Loan
Good Banks for Small Business in Livingston, New Jersey
New Jersey SBA Bank Lenders