Business Loan from Cit Small Business Lending Corp Given to Gaskets, Packing, And Sealing Devices Company

Cit Small Business Lending Corp has a track record as a leading provider of SBA loans. Find out how this Washington entrepreneur received an SBA loan from them.

This business knew how to go about getting a business bank loan. Based in Vancouver, Washington, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Cit Small Business Lending Corp, based in Golden, Colorado.

SBA Loan Borrower

COMPANY TYPE: GASKETS, PACKING, AND SEALING DEVICES
VANCOUVER, WA 98662

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1526 COLE BLVD., BLDG #3, STE
GOLDEN, CO 80401

This loan for a small business was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3053 - Gaskets, Packing, and Sealing Devices

NAICS Code

339991 - Gasket, Packing, and Sealing Device Manufacturing

Loan Approval Date

6/11/2002

Loan Approval Gross Amount

$1,095,000

Loan Approval from the SBA

Of the total $1,095,000 loan amount, the SBA guaranteed $821,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 15 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Cit Small Business Lending Corp so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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