SBA lending record
GLOBAL INFORMATION TECHNOLOGY, INC.
1 Cragwood Rd, South Plainfield, NJ · Employment Placement Agencies. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$5.1M
Total SBA financing
2
Loans on record
FY2020–21
On record
500
Jobs supported
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All 2 loans
$2,900,000 — FY2021
Loan 1 of 2- Gross approval
- $2,900,000
- SBA guaranteed
- $2,146,000 (74%)
- Status
- Cancelled
- Rate at approval
- 6% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 12/17/2020
- Collateral
- Required
- Jobs supported
- 250
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Computer Systems Design Services
- NAICS code
- 541512
- Address
- 1 Cragwood Rd
- City
- South Plainfield
- County
- Middlesex
- SBA district office
- NEW JERSEY DISTRICT OFFICE
- Congressional district
- 6
$2,210,000 — FY2020
Loan 2 of 2- Gross approval
- $2,210,000
- SBA guaranteed
- $1,657,500 (75%)
- Status
- Current
- Rate at approval
- 7.5% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 12/30/2019
- First disbursement
- 12/31/2019
- Days to fund
- 1 days
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 250
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Employment Placement Agencies
- NAICS code
- 561311
- Address
- 1 Cragwood Rd
- City
- South Plainfield
- County
- Middlesex
- SBA district office
- NEW JERSEY DISTRICT OFFICE
- Congressional district
- 6
The lender
Newtek Small Business Finance, Inc.
2 loans to this businessFind SBA lenders for businesses like this
The banks most active funding employment placement agencies — by location, industry.
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Agent summary
This page summarizes the public SBA 7(a) lending record for GLOBAL INFORMATION TECHNOLOGY, INC. in South Plainfield, NJ (Employment Placement Agencies). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 2 SBA 7(a) loans totaling $5.1M
- On record FY2020–21
- 500 jobs supported
- Industry: Employment Placement Agencies
- Location: South Plainfield, NJ
- Lender: Newtek Small Business Finance, Inc.
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Employment Placement Agencies businesses in NJ for ~$2.6M deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with GLOBAL INFORMATION TECHNOLOGY, INC..