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May 13, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Orangeburg, Business Loans > South Carolina Bank & Trust Natl Orangeburg Business Loans > Single-Family Housing Construction Loan | ||||
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Advice for Small Businesses On Getting a Loan
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Small Business Loans for Single Family Housing ConstructionWith these small business loans for single family housing construction, the SBA guarantees the lender that the loan will be repaid. This single family housing construction loan for $100,000 was given to a South Carolina entrepreneur in 2001. Getting a small business loan in Orangeburg, South Carolina was important for this growing firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from South Carolina Bank & Trust Natl, operating out of Orangeburg, South Carolina. Here are the details on this South Carolina small business loan. SBA Loan Borrower COMPANY TYPE: SINGLE-FAMILY HOUSING CONSTRUCTION SBA Loan Lender SOUTH CAROLINA BANK & TRUST NATL SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1521 - Single-Family Housing Construction NAICS Code 233210 - Single Family Housing Construction Loan Approval Date 12/3/2001 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like South Carolina Bank & Trust Natl are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Best Banks in Orangeburg, South Carolina
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