Loan to Buy Nestle Toll House Cafe Franchise Issued By Cit Small Business Lending Corp

Borrowing money to invest in a Nestle Toll House Cafe franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Nestle Toll House Cafe franchise? If so, here's a 2005 SBA franchise loan that you should know about. Cit Small Business Lending Corp was the lender and the entrepreneur was based in Southlake, Texas.

SBA Loan Borrower

NESTLE TOLL HOUSE CAFE BY CHIP
SOUTHLAKE, TX 76092

SBA Loan Lender

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

This lender provides SBA guaranteed business 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

311821 - Cookie and Cracker Manufacturing

Loan Approval Date

11/17/2005

Loan Approval Gross Amount

$168,300

Loan Approval from the SBA

Of the total $168,300 loan amount, the SBA guaranteed $126,225.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Nestle Toll House Cafe franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help create 4 new jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

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:

Nestle Toll House Cafe by Chip

Business Line of Credit

SBA Approved Banks in Livingston, New Jersey

SBA Lenders in New Jersey