San Antonio, TX Entrepreneur Gets SBA Loan to Buy Great Frame the Franchise

Need money to invest in a Great Frame the franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Great Frame the franchise loans are available to San Antonio, Texas 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 a Great Frame the franchise in 2002. We've got all the details on this Texas small business loan.

SBA Loan Borrower

THE GREAT FRAME UP
SAN ANTONIO, TX 78258

SBA Loan Lender

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

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

442299 - Home Furnishings Stores

Loan Approval Date

9/25/2002

Loan Approval Gross Amount

$166,000

Loan Approval from the SBA

Of the total $166,000 loan amount, the SBA guaranteed $124,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Great Frame the franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help create 3 new jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Cit Small Business Lending Corp that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Bank Credit Lines

Small Bank Loans in Livingston, New Jersey

Find an SBA Lender in New Jersey