Where to Get Capital for Broadwoven Fabric Finishing Mills

Looking for small business loans for broadwoven fabric finishing mills? The SBA may be the answer. This $400,000 broadwoven fabric finishing mills loan was issued by a New Jersey bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pilot Mountain, North Carolina was able to borrow $400,000 from Cit Small Business Lending Corp. The SBA made the loan possible by guaranteeing $300,000 of this North Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: BROADWOVEN FABRIC FINISHING MILLS
PILOT MOUNTAIN, NC 27041

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

313311 - Broadwoven Fabric Finishing Mills

Loan Approval Date

2/27/2001

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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 18 employees. The SBA loan application for the borrower indicated that the loan would help retain 18 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

We've showcased information on this loan to let you know that businesses like yours 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:

SBIR Funding

SBA Banks in Livingston, New Jersey

New Jersey SBA 7A Lenders