Cit Small Business Lending Corp Provides SBA Loan to Buy Country Clutter bed & Breakfast Franchise

Borrowing money to purchase a Country Clutter bed & Breakfast franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Salem, New Hampshire needed money to invest in a Country Clutter bed & Breakfast franchise back in 2000. Cit Small Business Lending Corp issued an SBA franchise loan. Here are the details on this New Hampshire small business loan.

SBA Loan Borrower

COUNTRY CLUTTER
SALEM, NH 03079

SBA Loan Lender

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

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

10/27/2000

Loan Approval Gross Amount

$175,000

Loan Approval from the SBA

Of the total $175,000 loan amount, the SBA guaranteed $131,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Country Clutter bed & Breakfast franchise. At the time of the loan, the company had 7 employees. The SBA loan documents indicated that the loan would help create 7 new jobs.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Salem NH, you ought to talk with a local Salem SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Salem businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $175,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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Getting a Business Loan in New Jersey