 |
 |
December 22, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Michigan Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Sylvan Learning Center - Drayt Loan | ||||
 |
||||
How to Get SBA Loans in Pontiac, Michigan
|
||||
 |
Pontiac, MI Entrepreneur Gets SBA Loan to Buy Sylvan Learning Center FranchiseBorrowing money to purchase a Sylvan Learning Center franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Pontiac, Michigan needed money to invest in a Sylvan Learning Center franchise back in 2003. Cit Small Business Lending Corp issued an SBA franchise loan. Here are the details on this Michigan small business loan. SBA Loan Borrower SYLVAN LEARNING CENTER - DRAYT SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611430 - Professional and Management Development Training Loan Approval Date 12/12/2003 Loan Approval Gross Amount $144,600 Loan Approval from the SBA Of the total $144,600 loan amount, the SBA guaranteed $122,910. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Sylvan Learning Center franchise. At the time of the loan, the company had 15 employees. The loan application indicated that the borrowed money would help generate 15 new jobs. Next Steps for Getting an SBA Loan 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. 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: Best Banks in Livingston, New Jersey
|
|
||
|
||||
|
|
||||