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| Entrepreneur Resources | Cit Small Business Lending Corp Livingston Business Loans | ||||
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Good Banks for Tulsa Small Business Owners
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Drycleaning and Laundry Services Small Business LoansWith these small business loans for drycleaning and laundry services, the SBA guarantees the lender that the loan will be repaid. This drycleaning and laundry services loan for $859,000 was given to an Oklahoma entrepreneur in 2007.
E.R. & S. Gerchman, LLC knew how to go about getting a business bank loan. Based in Tulsa, Oklahoma, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Cit Small Business Lending Corp, based in Livingston, New Jersey. SBA Loan Borrower E.R. & S. Gerchman, LLC SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812320 - Drycleaning and Laundry Services (except Coin-Operated) Loan Approval Date 10/29/2007 Loan Approval Gross Amount $859,000 Loan Approval from the SBA Of the total $859,000 loan amount, the SBA guaranteed $644,250. More Information on This SBA Loan The borrower, E.R. & S. Gerchman, LLC, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 26 employees. The loan application indicated that the loan would help retain 26 existing jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Cit Small Business Lending Corp are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Obtaining Funding From a Venture Capitalist Banks in Livingston, New Jersey Find an SBA Lender in 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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