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November 21, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Dance Companies Loan | ||||
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Cit Small Business Lending Corp Small Business Loan
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Dance Companies SBA LoansWith these SBA loans for dance companies, the SBA guarantees the lender that the loan will be repaid. This dance companies loan for $1,520,000 was given to an Arizona entrepreneur in 2007. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Phoenix, Arizona was able to borrow $1,520,000 from Cit Small Business Lending Corp. The SBA made the loan possible by guaranteeing $1,140,000 of this Arizona small business loan. SBA Loan Borrower COMPANY TYPE: DANCE COMPANIES SBA Loan Lender CIT SMALL BUSINESS LENDING CORP As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 711120 - Dance Companies Loan Approval Date 10/24/2007 Loan Approval Gross Amount $1,520,000 Loan Approval from the SBA Of the total $1,520,000 loan amount, the SBA guaranteed $1,140,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The SBA loan documents indicated that the loan would help create 10 new jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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: Small Business Banks in Livingston, New Jersey
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