Small Business Loan $75K to $5MM

Learn about and apply for a business loan ranging from $75,000 up to $5,000,000 online.

Thanking Your Industry Expert and Educational Champion

Application Process

CIT Small Business Lending offers loans ranging from $75,000 - $ 5 million. Apply on line through a two step process.

US SBA Loans

SBA loans provide longer repayment terms and higher loan-to-value ratios than conventional loans, thus making it easier for small businesses to secure the financing they need to get off to a solid start. SBA loans are often the best financial tool to select for the critical start-up phase. Additionally, the long term/low payment solution can be crucial at the later, expansion stages of your business growth.

Small Business Lending

CIT Small Business Lending Corporation (CIT) is the nation's leading provider of Small Business Administration loans. CIT Small Business Lending offers loans ranging from $75,000 up to $5,000,000.

CIT is known for personal service combined with the web-based convenience and efficiency of their new online SBA screening application, EZScreen®, Loan and Account Status, and for their growing array of tools and resources to help make running a small business easier.

CIT specializes in understanding each business, providing high quality credit, and being there for its partners and clients when they need a financial partner they can trust.

SBA Loan Eligibility

Most for-profit small businesses are eligible for an SBA guaranteed loan. These include manufacturing, wholesale, retail and service businesses, as well as independent or franchised businesses. Other criteria include:

Basis for Funding

Typical applications for SBA loan funding include but are not limited to:

Interest Rates and Fees

The interest rate is typically variable, adjusted quarterly, and tied to the Wall Street Journal prime plus 2-3%. The actual rate will be determined by the term of the loan, the use of the funds and the strengths of both the business being financed and the borrower.

There are typically no points, although there is a low packaging fee and an SBA guaranty fee. This fee can be financed as part of the loan and is paid to the SBA upon closing the loan.

Repayment Terms

All SBA loans are fully amortizing with general terms as follows:

Loan Qualifications

US SBA loans require proof that the owner is active in the business and willing to make a reasonable commitment to its future success. In general, loan qualifications include but are not limited to:

Women Business Lending

CIT also understands the obstacles women face when seeking a business loan. That's why CIT has developed various resources to guide them over those hurdles. Visit Loans to Women to learn how CIT can assist you today.

Lending by Industry

CIT Small Business Lending is part of the CIT Group, the world's largest publicly-held commercial finance company. CIT will often lend money where more traditional lenders may not. Financing packages may be tailored to a variety of small businesses industries:

About Your Educational Champion

"CIT Small Business Lending Corporation is the #1 SBA lender in the nation specializing in serving small businesses with online applications, status monitoring and access to support tools and resources."

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Note: This information is presented to provide a general overview of small business lending options and related services. It is not intended to be an exhaustive representation. Data has been compiled by the Knowledge Institute for informational purposes only. Content is provided on an "as is" basis and is not intended to, nor does it, provide advice or create a customer relationship between the Knowledge Institute, BUZGate™ and/or any other organization named herein, and any reader.