Cit Small Business Lending Corp Provides SBA Loan to Buy Lawn Doctor Franchise

Need money to buy a Lawn Doctor franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Lawn Doctor franchise requires some effort but others before you have been successful. In 2001, Cit Small Business Lending Corp issued an SBA franchise loan to an entrepreneur in Stamford, Connecticut. Because Lawn Doctor was registered with the SBA's registry of franchises, this Connecticut small business loan was issued on an expedited basis.

SBA Loan Borrower

LAWN DOCTOR
STAMFORD, CT 06902

SBA Loan Lender

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

This loan for a small business was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA delivers a rapid loan approval or denial response.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561730 - Landscaping Services

Loan Approval Date

12/13/2001

Loan Approval Gross Amount

$927,000

Loan Approval from the SBA

Of the total $927,000 loan amount, the SBA guaranteed $695,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Lawn Doctor franchise. At the time of the loan, the company had 14 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We can help you find the best banks for small businesses in Stamford 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.

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