Get an SBA Loan for Specialty Food Stores

Looking for small business loans for specialty food stores? An SBA loan may be just what you've been looking for. This $412,000 specialty food stores loan was issued by a New Jersey bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mount Pleasant, Michigan was able to borrow $412,000 from Cit Small Business Lending Corp. The SBA made the loan possible by guaranteeing $309,000 of this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY FOOD STORES
Mount Pleasant, MI 48858

SBA Loan Lender

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

This lender provides SBA guaranteed 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.

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

11/27/2007

Loan Approval Gross Amount

$412,000

Loan Approval from the SBA

Of the total $412,000 loan amount, the SBA guaranteed $309,000.

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 only one employee. This SBA loan request indicated that the loan would help generate 23 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Mount Pleasant MI, you ought to talk with a local Mount Pleasant SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mount Pleasant businesses.

We can help you find the best banks for small businesses in Mount Pleasant or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

The Friends and Family Network

SBA 7A Banks for Livingston, New Jersey Loans

New Jersey SBA 7A Lenders