Cit Small Business Lending Corp Gives Business Loan to Balcones Dental Professional C

Would a Texas business loan help your company expand? If so, you may want to talk with this New Jersey bank, which offers SBA loans to Texas entrepreneurs.

Balcones Dental Professional C, based in Austin, Texas, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Cit Small Business Lending Corp. We've got the inside scoop on this Texas small business loan.

SBA Loan Borrower

BALCONES DENTAL PROFESSIONAL C
6500 N MOPAC EXPY
AUSTIN, TX 78731

SBA Loan Lender

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

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621210 - Offices of Dentists

Loan Approval Date

4/27/2006

Loan Approval Gross Amount

$1,408,000

Loan Approval from the SBA

Of the total $1,408,000 loan amount, the SBA guaranteed $1,056,000.

More Information on This SBA Loan

The borrower, Balcones Dental Professional C, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help create 5 new jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Your solution for where to find money to start a business may be an SBA guaranteed loan. Balcones Dental Professional C recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

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