Entrepreneur Works With Livingston, New Jersey Bank to Get an SBA Loan
Thinking about meeting with a Livingston, New Jersey bank about a business loan? Here's one Oklahoma business loan, issued by a Livingston bank, that was approved by the SBA.
Applying for an SBA loan with Cit Small Business Lending Corp worked out well for our friends at Fabrication Dynamics, Inc. in Tulsa, Oklahoma. The business was able to get an SBA loan for $800,000. Sweet!
SBA Loan Borrower
FABRICATION DYNAMICS, INC.
2102 W. SKELLY DRIVE
TULSA, OK 74107
SBA Loan Lender
CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039
This commercial loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
332322 - Sheet Metal Work Manufacturing
Loan Approval Date
12/10/2002
Loan Approval Gross Amount
$800,000
Loan Approval from the SBA
Of the total $800,000 loan amount, the SBA guaranteed $532,000.
More Information on This SBA Loan
The borrower, Fabrication Dynamics, Inc., borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 60 employees. This SBA loan request did not indicate that the company planned to use the money to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
Your solution for where to find money to start a business may be an SBA guaranteed loan. Fabrication Dynamics, Inc. recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Realistic Debt Financing Options
Small Bank Loans in Livingston, New Jersey
Where to Get an SBA Loan New Jersey
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