First Fed. S & L Assoc - Charl SBA Loan to No Industry Type Specified Company
Looking to get a South Carolina small business loan? Here's one South Carolina business loan that was approved by the SBA.
This small business needed an SBA business loan in Mcclellanville, South Carolina back in 2006 and, after submitting their loan application, they were successful in getting an SBA loan from First Fed. S & L Assoc - Charl, operating out of Charleston, South Carolina. Here are the details on this South Carolina small business loan.
SBA Loan Borrower
COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
MCCLELLANVILLE, SC 29466
SBA Loan Lender
FIRST FED. S & L ASSOC - CHARL
34 BROAD ST
CHARLESTON, SC 29401
The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
541710 -
Loan Approval Date
9/18/2006
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
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 7 employees. The SBA loan documents indicated that the loan would help retain 7 existing jobs.
Next Steps for Getting an SBA Loan
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Fed. S & L Assoc - Charl and they will explain how you can get an SBA loan for your company.
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.
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