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| Entrepreneur Resources | Cit Small Business Lending Corp Livingston Business Loans | ||||
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New Jersey SBA Lenders
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Livingston, New Jersey Bank Gives SBA Loan to Prime Lending & Investment IncGet to know Livingston, New Jersey banks that specialize in small business loans and know how to work with entrepreneurs. Cit Small Business Lending Corp is one such bank, as evidenced by this SBA loan to Prime Lending & Investment Inc.
Finding a small business loan in Miami, Florida starts with an understanding of who else has gotten loans in the area. In this case, Prime Lending & Investment Inc received funding from Cit Small Business Lending Corp Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower PRIME LENDING & INVESTMENT INC SBA Loan Lender CIT SMALL BUSINESS LENDING CORP Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 522310 - Mortgage and Nonmortgage Loan Brokers Loan Approval Date 9/8/2006 Loan Approval Gross Amount $1,198,000 Loan Approval from the SBA Of the total $1,198,000 loan amount, the SBA guaranteed $898,500. More Information on This SBA Loan The borrower, Prime Lending & Investment Inc, 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 6 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 4 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Prime Lending & Investment Inc is able to get a $1,198,000 loan, why not give getting an SBA loan of your own a try? About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Dealing With Venture Capitalists SBA 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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