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May 17, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Hilton Head Island, Business Loans > First Fed. S & L Assoc - Charl Hilton Head Island Business Loans > Funeral Homes And Funeral Services Loan | ||||
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First Fed. S & L Assoc - Charl SBA Loan Hilton Head Island, South Carolina
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Business Loan from First Fed. S & L Assoc - Charl Given to Funeral Homes And Funeral Services CompanyFirst Fed. S & L Assoc - Charl is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one South Carolina entrepreneur who tapped into the power of SBA loans. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hilton Head Island, South Carolina was able to borrow $720,000 from First Fed. S & L Assoc - Charl. The SBA made the loan possible by guaranteeing $540,000 of this South Carolina small business loan. SBA Loan Borrower COMPANY TYPE: FUNERAL HOMES AND FUNERAL SERVICES SBA Loan Lender FIRST FED. S & L ASSOC - CHARL The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812210 - Funeral Homes and Funeral Services Loan Approval Date 7/28/2005 Loan Approval Gross Amount $720,000 Loan Approval from the SBA Of the total $720,000 loan amount, the SBA guaranteed $540,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: The Friends and Family Network Best Hilton Head Island, South Carolina Banks for Small Business
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