Cit Small Business Lending Corp Gives SBA Loan to Spicewood Springs Flp And Rich

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

You can learn something about getting a small business loan in Austin, Texas by studying this loan to Spicewood Springs Flp And Rich, made back in 2006. Banks like Cit Small Business Lending Corp may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

SPICEWOOD SPRINGS FLP AND RICH
4005 SPICEWOOD SPRINGS RD
AUSTIN, TX 78759

SBA Loan Lender

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

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 - Offices of Dentists

Loan Approval Date

12/20/2006

Loan Approval Gross Amount

$940,000

Loan Approval from the SBA

Of the total $940,000 loan amount, the SBA guaranteed $705,000.

More Information on This SBA Loan

The borrower, Spicewood Springs Flp And Rich, 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 4 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Spicewood Springs Flp And Rich got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

About This SBA Loan Information:

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

Related Links:

How to Raise Money

SBA Participating Banks in Livingston, New Jersey

SBA Lenders in New Jersey

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