What We Do
Small businesses everywhere rely on CIT Small Business Lending Corporation for their diverse financing needs. We offer Small Business Administration (SBA) 7(a) loans for:]
Commercial Real Estate Financing
By providing SBA 7(a) loans, we can meet a variety of your real estate financing needs. We offer:
- Loans from $350,000 to $3 million
- Purchase, refinance, construction or expansion
- Owner-occupied properties only
At CIT we understand that intangible assets are often the most valuable in an acquisition, a customer list, a trademark, a patent or other goodwill. We consider a company's true potential, then provide the kind of financing your acquisition needs for long-term success.
We offer:
- Loans from $350,000 to $2 million
- Working capital and new equipment financing are available as part of the loan
- Sales can be financed over 10 to 25 years (with real estate) with no balloons
Many franchisees use SBA loans to meet their financing needs. That is why so many of them turn to CIT Small Business Lending Corporation, one of the nation’s leading SBA lenders to franchises in the United States.
We provide franchisees with loans to meet a variety of franchise financing needs:
- Start-up in a new location
- Acquisition of an existing location
Our loan terms are structured to accommodate a wide range of franchise concepts:
- Loans from $350,000 to $3 million
- Terms up to 25 years with real estate or 10 years without real estate
We have reviewed and assigned lending criteria to more than 1,000 franchises, so we have the expertise to get your franchise operation open and generating sales quickly and efficiently.
Construction Loans
We offer SBA loans for new construction, alterations, additions, acquisitions and leasehold improvements.
SBA loans offer a number of advantages, including:
Funds can be used to cover both hard costs and some soft costs associated with your construction project. They can include land acquisition, building construction or improvements, all fees, appraisal, title work, searches, surveys, machinery/equipment, furniture, fixtures and working capital.
Our interests are long term
A construction project is a complex business. Our experienced staff and policies are in place to facilitate dealing with construction lending. And we're still there for you after the project is complete.
At CIT Small Business Lending, we're interested in your business' lasting success.
Once and done
Best of all, a construction loan from us automatically converts to long-term financing once the construction project is completed. This means you don't need to apply for another mortgage or a bridge loan.
Apart from the considerable convenience that this offers, you'll also have just one closing, one set of closing costs, and one lender.
Contact Form: https://www.smallbizlending.com/contactus/contact.aspx
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