Business Loan from Cit Small Business Lending Corp Given to Fmg Coral Way LLC
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.
Fmg Coral Way LLC received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Cit Small Business Lending Corp, out of Livingston, New Jersey. The loan was granted and they received $460,000 to help grow their Miami, Florida business.
SBA Loan Borrower
FMG Coral Way LLC
8394 SW 40th Street
Miami, FL 33155
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
311811 - Retail Bakeries
Loan Approval Date
3/15/2006
Loan Approval Gross Amount
$460,000
Loan Approval from the SBA
Of the total $460,000 loan amount, the SBA guaranteed $345,000.
More Information on This SBA Loan
The borrower, Fmg Coral Way LLC, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 30 employees. This SBA loan request indicated that the loan would help retain 30 existing jobs. This loan was paid in full, and was closed out on 10/3/2007.
Great, But How Can I Get an SBA Loan for My Business?
Many small businesses receive loans backed by the U.S. Small Business Administration.
We've showcased information on this loan to Fmg Coral Way LLC to let you know that businesses like yours can get an SBA loan.
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
Who Lends Money to Small Businesses in Livingston, New Jersey
Browse All Business Loan Sources for 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.