Business Loans for Office Machinery and Equipment Rental and Leasing
Looking for business loans for office machinery and equipment rental and leasing? An SBA loan may be just what you've been looking for. This $514,000 office machinery and equipment rental and leasing loan was issued by a New Jersey bank.
This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Cit Small Business Lending Corp, out of Livingston, New Jersey. The loan was granted and they received $514,000 to help grow their Salt Lake City, Utah business.
SBA Loan Borrower
COMPANY TYPE: OFFICE MACHINERY AND EQUIPMENT RENTAL AND LEASING
Salt Lake City, UT 84101
SBA Loan Lender
CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
532420 - Office Machinery and Equipment Rental and Leasing
Loan Approval Date
8/2/2007
Loan Approval Gross Amount
$514,000
Loan Approval from the SBA
Of the total $514,000 loan amount, the SBA guaranteed $385,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 7 employees. This SBA loan request indicated that the loan would help retain 7 existing jobs.
Next Steps for Getting an SBA Loan
If you are raising money in Salt Lake City UT, you ought to talk with a local Salt Lake City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Salt Lake City businesses.
We can help you find the best banks for small businesses in Salt Lake City 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:
504 Loans
Best Banks in Livingston, New Jersey
SBA Lenders in New Jersey