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December 30, 2024 |
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| Home > Small Business Lenders by State > Kentucky Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Specialty Food Stores Loan | ||||
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Cit Small Business Lending Corp Lexington
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Cit Small Business Lending Corp SBA Loan to Specialty Food Stores CompanyAn 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 Lexington, Kentucky business owner got a $366,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lexington, Kentucky was able to borrow $366,000 from Cit Small Business Lending Corp. The SBA made the loan possible by guaranteeing $274,500 of this Kentucky small business loan. SBA Loan Borrower COMPANY TYPE: SPECIALTY FOOD STORES SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445299 - Specialty Food Stores Loan Approval Date 1/10/2007 Loan Approval Gross Amount $366,000 Loan Approval from the SBA Of the total $366,000 loan amount, the SBA guaranteed $274,500. 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 2 employees. The loan application indicated that the loan would help generate 13 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Family and Friend Investors - Your First Financiers Good Banks for Small Business in Livingston, New Jersey
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