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May 16, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Greenville, Business Loans > Grandsouth Bank Greenville Business Loans > Management Services Loan | ||||
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South Carolina SBA 7A Lenders
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Greenville, South Carolina Bank Gives SBA Loan to Management Services CompanyFind Greenville, South Carolina banks that specialize in SBA loans and know how to work with entrepreneurs. Grandsouth Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Greenville, South Carolina starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Grandsouth Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: MANAGEMENT SERVICES SBA Loan Lender GRANDSOUTH BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8741 - Management Services Loan Approval Date 7/11/2000 Loan Approval Gross Amount $750,000 Loan Approval from the SBA Of the total $750,000 loan amount, the SBA guaranteed $562,500. 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 30 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Good Banks for Small Business in Greenville, South Carolina
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