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May 16, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Gaffney, Business Loans > American Community Bank Gaffney Business Loans > Services To Buildings And Dwellings Loan | ||||
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Best Banks for Gaffney Entrepreneurs
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Gaffney, South Carolina Entrepreneur Gets an SBA LoanSouth CarolinaSBA loans are available to South Carolina entrepreneurs through the SBA. In this case, a South Carolina bank provides the loan. Getting a small business loan in Gaffney, South Carolina was a top priority for this particular business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from American Community Bank. Here are the details on this South Carolina small business loan. SBA Loan Borrower COMPANY TYPE: SERVICES TO BUILDINGS AND DWELLINGS SBA Loan Lender AMERICAN 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. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561790 - Services to Buildings and Dwellings Loan Approval Date 5/31/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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 $150,000 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: SBA 7A Banks for Gaffney, South Carolina Loans
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