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May 18, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Columbia, Business Loans > South Carolina Community Bank Columbia Business Loans > Health And Allied Services Loan | ||||
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Banks Doing SBA Loans in South Carolina
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Entrepreneur Works With Columbia, South Carolina Bank to Get an SBA LoanA Columbia, South Carolina business loan can be yours. Learn how a company got a $48,328 business loan from this South Carolina bank. This loan to a local firm is a good example of an SBA loan. South Carolina Community Bank made the loan and the SBA guaranteed a portion of the loan. Many other South Carolina entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: HEALTH AND ALLIED SERVICES SBA Loan Lender SOUTH CAROLINA COMMUNITY BANK This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8099 - Health and Allied Services NAICS Code 621999 - Ambulatory Health Care Services Loan Approval Date 9/17/2002 Loan Approval Gross Amount $48,328 Loan Approval from the SBA Of the total $48,328 loan amount, the SBA guaranteed $41,078. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. South Carolina Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, South Carolina Community Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Find an SBA Lender in Columbia, South Carolina SBA Participating Banks in South Carolina
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