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

Thinking about meeting with a Livingston, New Jersey bank about a small business loan? Here's one California 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 business in San Lorenzo (lorenzo), California. They got an SBA loan for $200,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: GLASS AND GLAZING CONTRACTORS
SAN LORENZO (LORENZO), CA 94580

SBA Loan Lender

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

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235920 - Glass and Glazing Contractors

Loan Approval Date

5/25/2004

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 9 employees. The SBA loan documents indicated that the loan would help retain 9 existing jobs.

Next Steps for Getting an SBA Loan

If you need business start up money in San Lorenzo (lorenzo) CA, you ought to talk with a local San Lorenzo (lorenzo) SBA lender or talk with an out-of-area SBA lender that has previously loaned money to San Lorenzo (lorenzo) businesses.

We can help you find the best banks for small businesses in San Lorenzo (lorenzo) or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Business Credit Evaluation

SBA 7A Banks for Livingston, New Jersey Loans

New Jersey SBA 7A Lenders