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November 22, 2024 |
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| Home > Small Business Lenders by State > Massachusetts Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Gymboree Play & Music Loan | ||||
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Where to Get an SBA Loan to Purchase a Franchise
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Massachusetts Entrepreneur Secures Financing to Buy Gymboree FranchiseNeed a loan to purchase a Gymboree franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Seekonk, Massachusetts needed money to invest in a Gymboree franchise back in 2001. Cit Small Business Lending Corp issued an SBA franchise loan. Here are the details on this Massachusetts small business loan. SBA Loan Borrower GYMBOREE PLAY & MUSIC SBA Loan Lender CIT SMALL BUSINESS LENDING CORP 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 713940 - Fitness and Recreational Sports Centers Loan Approval Date 9/25/2001 Loan Approval Gross Amount $104,600 Loan Approval from the SBA Of the total $104,600 loan amount, the SBA guaranteed $88,910. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Gymboree franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the borrowed money would help generate 2 new jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. This SBA loan was for $104,600. How would you spend $104,600 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Find an SBA Lender in Livingston, New Jersey Getting an SBA Loan in New Jersey
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