Cit Small Business Lending Corp Gives SBA Loan to Financial Investment Activities Company

Would a Washington business loan help your company expand? If so, you may want to talk with this New Jersey bank, which offers SBA loans to Washington entrepreneurs.

You can learn something about getting a small business loan in Seattle, Washington by studying this loan to a local business, made back in 2005. 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: FINANCIAL INVESTMENT ACTIVITIES
SEATTLE, WA 98188

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

523999 - Financial Investment Activities

Loan Approval Date

12/23/2005

Loan Approval Gross Amount

$458,000

Loan Approval from the SBA

Of the total $458,000 loan amount, the SBA guaranteed $343,500.

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 6 employees. The SBA loan application for the borrower indicated that the funding would help generate 6 new jobs.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Seattle WA, you ought to talk with a local Seattle SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Seattle businesses.

We can help you find the best banks for small businesses in Seattle 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:

Family and Friend Investors - Your First Financiers

Find an SBA Lender in Livingston, New Jersey

Getting a Business Loan in New Jersey