Sacramento, CA Entrepreneur Gets SBA Loan to Buy Aero Colours Franchise

Need money to purchase an Aero Colours franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Aero Colours franchise loans are available to Sacramento, California entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cit Small Business Lending Corp, based in Livingston, New Jersey, issued an SBA franchise loan for an Aero Colours franchise in 2000. We've got all the details on this California small business loan.

SBA Loan Borrower

AERO COLOURS
SACRAMENTO, CA 95821

SBA Loan Lender

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

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7532 - Top and Body Repair and Paint Shops

NAICS Code

811121 - Automotive Body, Paint, and Interior Repair and Maintenance

Loan Approval Date

9/29/2000

Loan Approval Gross Amount

$656,000

Loan Approval from the SBA

Of the total $656,000 loan amount, the SBA guaranteed $492,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Aero Colours franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Aero-Colours

Obtaining Funding - Getting Venture Capital

Small Bank Loans in Livingston, New Jersey

New Jersey SBA 7A Lenders