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November 25, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Glass And Glazing Contractors Loan | ||||
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SBA Lender San Lorenzo (lorenzo) California
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San Lorenzo (lorenzo), California Entrepreneur Gets a Business LoanBusiness loans in California are hard to find these days. We take a look at one California business loan, provided by a New Jersey bank, that was approved by the SBA. You can learn something about getting a small business loan in San Lorenzo (lorenzo), California by studying this loan to a local business, made back in 2003. Banks like Cit Small Business Lending Corp may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: GLASS AND GLAZING CONTRACTORS SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This lender provides SBA commercial loans 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 235920 - Glass and Glazing Contractors Loan Approval Date 7/17/2003 Loan Approval Gross Amount $315,000 Loan Approval from the SBA Of the total $315,000 loan amount, the SBA guaranteed $236,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. This SBA loan request indicated that the loan would help retain 9 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Realistic Debt Financing Options SBA 7A Lenders in Livingston, New Jersey
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