Loan to Buy True Value Hardware Franchise Issued By Cit Small Business Lending Corp
Borrowing money to invest in a True Value Hardware franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.
Getting money to buy a True Value Hardware franchise is doable. In 2007, Cit Small Business Lending Corp issued an SBA franchise loan to an entrepreneur in Oracle, Arizona. Because True Value Hardware was registered with the SBA's registry of franchises, this Arizona small business loan was issued on an expedited basis.
SBA Loan Borrower
ORACLE TRUE VALUE HARDWARE
ORACLE, AZ 85623
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.
NAICS Code
444130 - Hardware Stores
Loan Approval Date
2/28/2007
Loan Approval Gross Amount
$221,700
Loan Approval from the SBA
Of the total $221,700 loan amount, the SBA guaranteed $166,275.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a True Value Hardware franchise. At the time of the loan, the company
had 4 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 1 existing job.
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SBA loans provide money to small business owners for working capital for other expenses.
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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.
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