Cit Small Business Lending Corp Provides SBA Loan to Buy Closets By Design Franchise

Borrowing money to invest in a Closets By Design franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Closets By Design franchise loans are available to Malvern, Pennsylvania entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cit Small Business Lending Corp, based in Livingston, New Jersey, issued an SBA franchise loan for a Closets By Design franchise in 2004. We've got all the details on this Pennsylvania small business loan.

SBA Loan Borrower

CLOSETS BY DESIGN
MALVERN, PA 19355

SBA Loan Lender

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

This lender provides SBA 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.

NAICS Code

235990 - Special Trade Contractors

Loan Approval Date

5/6/2004

Loan Approval Gross Amount

$311,000

Loan Approval from the SBA

Of the total $311,000 loan amount, the SBA guaranteed $233,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Closets By Design franchise. At the time of the loan, the company had 15 employees. The SBA loan documents indicated that the borrowed money would help create 15 new 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.

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:

Closets By Design

Strategic Investors

Good Banks for Small Business in Livingston, New Jersey

New Jersey SBA 7A Banks