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| Entrepreneur Resources | Cit Small Business Lending Corp Livingston Business Loans | ||||
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Miami, Florida Bank for SBA Loans
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Floor Covering Stores LoansLooking for loans for floor covering stores? An SBA loan may be just what you've been looking for. This $1,450,000 floor covering stores loan was issued by a New Jersey bank.
Getting a small business loan in Miami, Florida was important for Action Carpet & Tile back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Cit Small Business Lending Corp, operating out of Livingston, New Jersey. Here are the details on this Florida small business loan. SBA Loan Borrower ACTION CARPET & TILE 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 442210 - Floor Covering Stores Loan Approval Date 6/7/2001 Loan Approval Gross Amount $1,450,000 Loan Approval from the SBA Of the total $1,450,000 loan amount, the SBA guaranteed $999,992. More Information on This SBA Loan The borrower, Action Carpet & Tile, 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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs. This loan was paid in full, and was closed out on 11/30/2005. Start the Process for Getting an SBA Loan Today! 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. If Action Carpet & Tile can get an SBA loan, there's no reason you can't get an SBA loan too. The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: SBA Participating Banks in Livingston, 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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