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May 15, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Philadelphia, Business Loans > Commerce Bank Philadelphia Business Loans > Fitness And Recreational Sports Centers Loan | ||||
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Raising Money in Bluffton, South Carolina With SBA Loans
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Bluffton, South Carolina Entrepreneur Gets a Business LoanSouth CarolinaSmall business loans are available to South Carolina small business owners through the SBA. In this case, a Pennsylvania bank provides the loan. Getting a small business loan in Bluffton, South Carolina was a top priority for this small company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Commerce Bank. Here are the details on this South Carolina small business loan. SBA Loan Borrower COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS SBA Loan Lender COMMERCE BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 7/17/2006 Loan Approval Gross Amount $467,000 Loan Approval from the SBA Of the total $467,000 loan amount, the SBA guaranteed $350,250. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 8 new jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $467,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Banks in Philadelphia, Pennsylvania
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