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May 17, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Greenville, Business Loans > South Carolina Bank & Trust Natl Greenville Business Loans > Beauty Salons Loan | ||||
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How to Get a Small Business Loan in Greenville, South Carolina
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South Carolina Business Loan Issued to Beauty Salons CompanySBA loans in South Carolina are hard to find these days. We take a look at one South Carolina SBA loan, provided by a South Carolina bank, that was approved by the SBA. You can learn something about getting a small business loan in Greenville, South Carolina by studying this loan to a local business, made back in 2004. Banks like South Carolina Bank & Trust Natl may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender SOUTH CAROLINA BANK & TRUST NATL 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. NAICS Code 812112 - Beauty Salons Loan Approval Date 6/24/2004 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 a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great funding source There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Raising VC Money for Social Networking Companies Best Banks in Greenville, South Carolina
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