Business Loan from Cit Small Business Lending Corp Given to Millwork Company

An 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, an Oakland Park, Florida business owner got a $1,028,500 loan.

This growing company knew how to go about getting a business bank loan. Based in Oakland Park, Florida, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Cit Small Business Lending Corp, based in Livingston, New Jersey.

SBA Loan Borrower

COMPANY TYPE: MILLWORK
OAKLAND PARK, FL 33334

SBA Loan Lender

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

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.

SIC Code

2431 - Millwork

Loan Approval Date

6/16/2000

Loan Approval Gross Amount

$1,028,500

Loan Approval from the SBA

Of the total $1,028,500 loan amount, the SBA guaranteed $749,992.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need business start up money in Oakland Park FL, you ought to talk with a local Oakland Park SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Oakland Park businesses.

We can help you find the best banks for small businesses in Oakland Park 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:

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Small Business Banks in Livingston, New Jersey

Find an SBA Lender in New Jersey