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May 19, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Myrtle Beach, Business Loans > Beach First National Bank Myrtle Beach Business Loans > Florists Loan | ||||
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I Need an SBA Loan in Myrtle Beach, South Carolina
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Florists Business LoansLooking for business loans for florists? The SBA may be the answer. This $125,000 florists loan was issued by a South Carolina bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Myrtle Beach, South Carolina was able to borrow $125,000 from Beach First National Bank. The SBA made the loan possible by guaranteeing $106,250 of this South Carolina small business loan. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender BEACH FIRST NATIONAL BANK 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. SIC Code 5992 - Florists NAICS Code 453110 - Florists Loan Approval Date 11/25/2002 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. 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 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $125,000 loan. Remember, anyone can do it... so why not 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: Best Banks in Myrtle Beach, South Carolina SBA Participating Banks in South Carolina
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