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November 22, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Commercial Lithographic Printing Loan | ||||
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Cit Small Business Lending Corp
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Pelham, Alabama Business Gets SBA-Guaranteed Funding from Cit Small Business Lending CorpCit Small Business Lending Corp has a track record as a leading provider of SBA loans. Find out how this Alabama entrepreneur received an SBA loan from them. This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Cit Small Business Lending Corp, out of Livingston, New Jersey. The loan was granted and they received $880,000 to help grow their Pelham, Alabama business. SBA Loan Borrower COMPANY TYPE: COMMERCIAL LITHOGRAPHIC PRINTING SBA Loan Lender CIT SMALL BUSINESS LENDING CORP Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 323110 - Commercial Lithographic Printing Loan Approval Date 10/25/2007 Loan Approval Gross Amount $880,000 Loan Approval from the SBA Of the total $880,000 loan amount, the SBA guaranteed $660,000. 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 22 employees. The SBA loan documents indicated that the loan would help retain 22 existing jobs. Start the Process for Getting an SBA Loan Today! If you have been wondering how do i get money to start a business in Pelham AL, you ought to talk with a local Pelham SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pelham businesses. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 Banks in Livingston, New Jersey Getting a Business Loan in New Jersey
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