Please enter a value for purchase price of the business you plan to acquire and click "Calculate". CIT Bank - Small Business Lending has a minimum loan size of $250,000 and a maximum loan size of $2 million.

Purchase Price		$
Calculate-Clear
Loan Closing Costs 1		$
Packaging Fee $1,000       SBA Guarantee Fee $       Other Closing Costs $3,000
Total Project Costs		$
Borrower Down-payment 2		$
Loan Amount		$
Term (max)		10 Years
Monthly Payment (based on interest rate of 6%) 3		$

1 All costs are estimated.
2 Assumes at least 50% tangible assets in business to be acquired. A larger downpayment may be required if tangible assets are less than 50%.
3 The interest rate provided is for illustration purposes only. The actual interest rate on any given transaction is based upon the market rates at the time of application, credit worthiness of borrower and the terms of the transaction, among other things. This purchase scenario is not a commitment for financing. This information sheet is a tool to help estimate potential loan costs and monthly payments.