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November 21, 2024 |
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| Home > Small Business Lenders by State > Connecticut Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Scenic And Sightseeing Transportation, Land Loan | ||||
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Preston (preston City), Connecticut Bank for SBA Loans
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Where to Get Capital for Scenic and Sightseeing Transportation, LandLooking for small business loans for scenic and sightseeing transportation, land? Talk to a banker who works with the SBA. This $457,000 scenic and sightseeing transportation, land loan was issued by a New Jersey bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Preston (preston City), Connecticut was able to borrow $457,000 from Cit Small Business Lending Corp. The SBA made the loan possible by guaranteeing $342,750 of this Connecticut small business loan. SBA Loan Borrower COMPANY TYPE: SCENIC AND SIGHTSEEING TRANSPORTATION, LAND SBA Loan Lender CIT SMALL BUSINESS LENDING CORP 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 487110 - Scenic and Sightseeing Transportation, Land Loan Approval Date 6/28/2005 Loan Approval Gross Amount $457,000 Loan Approval from the SBA Of the total $457,000 loan amount, the SBA guaranteed $342,750. 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 15 employees. The SBA loan application for the borrower indicated that the loan would help retain 15 existing jobs. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We can help you find the best banks for small businesses in Preston (preston City) or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Who Lends Money to Small Businesses in Livingston, New Jersey
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