Miami, Florida Business Gets SBA-Guaranteed Funding from Cit Small Business Lending Corp
Cit Small Business Lending Corp has a track record as a leading provider of SBA loans. Find out how this Florida entrepreneur received an SBA loan from them.
Four Ways LLC And B-Line Appar knew how to go about getting a business bank loan. Based in Miami, Florida, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Cit Small Business Lending Corp, based in Livingston, New Jersey.
SBA Loan Borrower
FOUR WAYS LLC AND B-LINE APPAR
4801 NW 128TH STREET
MIAMI, FL 33054
SBA Loan Lender
CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
315299 - All Other Cut and Sew Apparel Manufacturing
Loan Approval Date
8/3/2006
Loan Approval Gross Amount
$208,000
Loan Approval from the SBA
Of the total $208,000 loan amount, the SBA guaranteed $156,000.
More Information on This SBA Loan
The borrower, Four Ways LLC And B-Line Appar, 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 indicated that the loan would help retain 15 existing jobs.
Start the Process for Getting an SBA Loan Today!
Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Four Ways LLC And B-Line Appar walked into Cit Small Business Lending Corp and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money!
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Startup Funding Tip
Who Lends Money to Small Businesses in Livingston, New Jersey
SBA New Jersey Lenders
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