Cit Small Business Lending Corp SBA Loan to Rodriguez & Machado Pa Inc & A

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.

Rodriguez & Machado Pa Inc & A received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Cit Small Business Lending Corp, out of Livingston, New Jersey. The loan was granted and they received $1,551,500 to help grow their Miami, Florida business.

SBA Loan Borrower

RODRIGUEZ & MACHADO PA INC & A
1000 BRICKELL AVE STE 660
MIAMI, FL 33131

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

541110 - Offices of Lawyers

Loan Approval Date

4/5/2002

Loan Approval Gross Amount

$1,551,500

Loan Approval from the SBA

Of the total $1,551,500 loan amount, the SBA guaranteed $999,988.

More Information on This SBA Loan

The borrower, Rodriguez & Machado Pa Inc & A, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs. This loan was paid in full, and was closed out on 6/3/2005.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

If Rodriguez & Machado Pa Inc & A 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:

Obtaining Funding - Friends and Family

Find an SBA Lender in Livingston, New Jersey

New Jersey SBA 7A Banks

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.