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November 25, 2024 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Livingston, Business Loans > Cit Small Business Lending Corp Livingston Business Loans > Dentists Loan | ||||
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Utah Small Business Funding
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Borrowing Money for DentistsWith these loans for dentists, the SBA guarantees the lender that the loan will be repaid. This dentists loan for $521,000 was given to an Utah entrepreneur in 2004. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Taylorsville, Utah was able to borrow $521,000 from Cit Small Business Lending Corp. The SBA made the loan possible by guaranteeing $390,750 of this Utah small business loan. SBA Loan Borrower COMPANY TYPE: DENTISTS SBA Loan Lender CIT SMALL BUSINESS LENDING CORP As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621210 - Dentists Loan Approval Date 6/25/2004 Loan Approval Gross Amount $521,000 Loan Approval from the SBA Of the total $521,000 loan amount, the SBA guaranteed $390,750. 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 8 employees. The SBA loan documents indicated that the loan would help retain 8 existing jobs. Getting an SBA Loan For Your Business If you need money to start a business or need money to grow a business, an SBA loan can be a great funding source This SBA loan was for $521,000. How would you spend $521,000 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: Obtaining Funding - How to Borrow Money Who Lends Money to Small Businesses in Livingston, New Jersey
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