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May 19, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Little River, Business Loans > Branch Bank & Trust Little River Business Loans > Telephone Communications Loan | ||||
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Advice for Entrepreneurs On Getting a Loan
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How to Get a Loan for Wired Telecommunications CarriersLooking for commercial loans for wired telecommunications carriers? The SBA may be the answer. This $20,000 wired telecommunications carriers loan was issued by a South Carolina bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Little River, South Carolina was able to borrow $20,000 from Branch Bank & Trust. The SBA made the loan possible by guaranteeing $16,000 of this South Carolina small business loan. SBA Loan Borrower COMPANY TYPE: TELEPHONE COMMUNICATIONS SBA Loan Lender BRANCH BANK & TRUST This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves 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. SIC Code 4813 - Telephone Communications NAICS Code 513310 - Wired Telecommunications Carriers Loan Approval Date 12/4/2000 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $16,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you want money for new small business in Little River SC, you ought to talk with a local Little River SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Little River businesses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Branch Bank & Trust and they will explain how you can get an SBA loan for your company. 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 - Getting Venture Capital SBA 7A Lenders in Little River, South Carolina
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