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May 18, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Bennettsville, Business Loans > First Capital Bank Bennettsville Business Loans > Tire Retreading And Repair Shops Loan | ||||
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South Carolina Bank SBA Loans
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First Capital Bank SBA Loan to Tire Retreading And Repair Shops CompanyLooking to get a South Carolina SBA loan? Here's one South Carolina business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mccoll, South Carolina was able to borrow $150,000 from First Capital Bank. The SBA made the loan possible by guaranteeing $112,500 of this South Carolina small business loan. SBA Loan Borrower COMPANY TYPE: TIRE RETREADING AND REPAIR SHOPS SBA Loan Lender FIRST CAPITAL BANK This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with appliying for an SBA 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. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7534 - Tire Retreading and Repair Shops Loan Approval Date 2/7/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 8 employees. The SBA loan documents did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. 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: Microlending as a Small Business Funding Source SBA 7A Banks for Bennettsville, South Carolina Loans
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