Entrepreneur Works With Livingston, New Jersey Bank to Get an SBA Loan

Want to talk with a Livingston, New Jersey bank about a small business loan? Here's one Louisiana business loan, issued by a Livingston bank, that was approved by the SBA.

Applying for an SBA loan with Cit Small Business Lending Corp worked out well for our friends at one local firm in Rayne, Louisiana. They got an SBA loan for $983,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: PLASTICS PIPE AND PIPE FITTING MANUFACTURING
RAYNE, LA 70578

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

This lender provides SBA loan for small businesses 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

326122 - Plastics Pipe and Pipe Fitting Manufacturing

Loan Approval Date

4/19/2001

Loan Approval Gross Amount

$983,000

Loan Approval from the SBA

Of the total $983,000 loan amount, the SBA guaranteed $737,250.

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 60 employees. The loan application indicated that the loan would help retain 60 existing jobs.

Getting an SBA Loan For Your Business

If you want money for new small business in Rayne LA, you ought to talk with a local Rayne SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rayne businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Cit Small Business Lending Corp so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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