North Conway, NH Entrepreneur Gets SBA Loan to Buy Country Clutter bed & Breakfast Franchise

Need money to buy a Country Clutter bed & Breakfast franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Country Clutter bed & Breakfast franchise loans are available to North Conway, New Hampshire 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 Country Clutter bed & Breakfast franchise in 2004. We've got all the details on this New Hampshire small business loan.

SBA Loan Borrower

COUNTRY CLUTTER
NORTH CONWAY, NH 03860

SBA Loan Lender

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

This lender provides SBA business 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

442299 - Home Furnishings Stores

Loan Approval Date

6/10/2004

Loan Approval Gross Amount

$188,800

Loan Approval from the SBA

Of the total $188,800 loan amount, the SBA guaranteed $141,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Country Clutter bed & Breakfast franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help create 3 new jobs.

Next Steps for Getting an SBA Loan

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

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:

Country Clutter

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Where to Get an SBA Loan New Jersey