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May 18, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Greenville, Business Loans > Bank Of Travelers Rest Greenville Business Loans > Sports And Recreation Instruction Loan | ||||
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Raising Money in Greenville, South Carolina With SBA Loans
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Sports and Recreation Instruction LoansLooking for loans for sports and recreation instruction? The SBA may be the answer. This $90,000 sports and recreation instruction loan was issued by a South Carolina bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Greenville, South Carolina was able to borrow $90,000 from Bank Of Travelers Rest. The SBA made the loan possible by guaranteeing $76,500 of this South Carolina small business loan. SBA Loan Borrower COMPANY TYPE: SPORTS AND RECREATION INSTRUCTION SBA Loan Lender BANK OF TRAVELERS REST This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611620 - Sports and Recreation Instruction Loan Approval Date 3/24/2005 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $76,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Of Travelers Rest and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: SBA Approved Banks in Greenville, South Carolina
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