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| Entrepreneur Resources | Cit Small Business Lending Corp Livingston Business Loans | ||||
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How to Get SBA Loans in Miami, Florida
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Loans for Collection AgenciesWith these loans for collection agencies, the SBA guarantees the lender that the loan will be repaid. This collection agencies loan for $1,126,000 was given to a Florida entrepreneur in 2005.
Accounts Receivable Management received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Cit Small Business Lending Corp, out of Livingston, New Jersey. The loan was granted and they received $1,126,000 to help grow their Miami, Florida business. SBA Loan Borrower ACCOUNTS RECEIVABLE MANAGEMENT SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This lender provides SBA guaranteed bank 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 561440 - Collection Agencies Loan Approval Date 11/10/2005 Loan Approval Gross Amount $1,126,000 Loan Approval from the SBA Of the total $1,126,000 loan amount, the SBA guaranteed $844,500. More Information on This SBA Loan The borrower, Accounts Receivable Management, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 75 employees. The SBA loan documents indicated that the loan would help generate 71 new jobs and retain 4 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Miami or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: SBA 7A Banks in Livingston, New Jersey Find an SBA Lender in New Jersey If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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