Commercial Loans for Roofing Contractors
Looking for commercial loans for roofing contractors? The SBA may be the answer. This $727,000 roofing contractors loan was issued by a New Jersey bank.
This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Cit Small Business Lending Corp, out of Livingston, New Jersey. The loan was granted and they received $727,000 to help grow their Santa Rosa, California business.
SBA Loan Borrower
COMPANY TYPE: ROOFING CONTRACTORS
Santa Rosa, CA 95404
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
238160 - Roofing Contractors
Loan Approval Date
10/20/2006
Loan Approval Gross Amount
$727,000
Loan Approval from the SBA
Of the total $727,000 loan amount, the SBA guaranteed $545,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 38 employees. This SBA loan request indicated that the loan would help generate 451 new jobs and retain 38 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Cit Small Business Lending Corp had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Cit Small Business Lending Corp made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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:
How Equity Dilution Works
Who Lends Money to Small Businesses in Livingston, New Jersey
New Jersey SBA Bank Lenders