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May 17, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Mount Pleasant, Business Loans > Southcoast Community Bank Mount Pleasant Business Loans > Eating Places Loan | ||||
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South Carolina Bank SBA Loans
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Southcoast Community Bank SBA Loan to Eating Places CompanyLooking to get a South Carolina SBA loan? Here's one South Carolina business loan that was approved by the SBA. This growing firm needed an SBA business loan in Charleston, South Carolina back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Southcoast Community Bank, operating out of Mount Pleasant, South Carolina. Here are the details on this South Carolina small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender SOUTHCOAST COMMUNITY BANK This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 7/26/2000 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $68,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 14 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? 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: Obtaining Funding - Friends and Family SBA Approved Banks in Mount Pleasant, South Carolina
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