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May 13, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Bluffton, Business Loans > South Carolina Bank & Trust Natl Bluffton Business Loans > Retail Stores Loan | ||||
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I Need Commercial Loans in Hilton Head Island, South Carolina
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Raising Money for Store RetailersLooking for business loans for store retailers? The SBA may be the answer. This $60,000 store retailers loan was issued by a South Carolina bank. This business knew how to go about getting a business bank loan. Based in Hilton Head Island, South Carolina, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was South Carolina Bank & Trust Natl, based in Bluffton, South Carolina. SBA Loan Borrower COMPANY TYPE: RETAIL STORES SBA Loan Lender SOUTH CAROLINA BANK & TRUST NATL This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5999 - Retail Stores NAICS Code 453998 - Store Retailers Loan Approval Date 10/17/2002 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. 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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We can help you find the best banks for small businesses in Hilton Head Island or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Banks in Bluffton, South Carolina
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