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May 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Greenville, Business Loans > Transamerica Small Business Capita Greenville Business Loans > Cut Stone And Stone Products Loan | ||||
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Greenville SBA Lenders
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Greenville, South Carolina Bank Lends Money to Cut Stone And Stone Products Company in Orlando, FloridaA Greenville, South Carolina small business loan can be yours. Learn how a company got a $530,000 business loan from this South Carolina bank. This loan to an entrepreneur is a good example of an SBA loan. Transamerica Small Business Capita made the loan and the SBA guaranteed a portion of the loan. Many other Florida entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: CUT STONE AND STONE PRODUCTS SBA Loan Lender TRANSAMERICA SMALL BUSINESS CAPITA This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3281 - Cut Stone and Stone Products NAICS Code 327991 - Cut Stone and Stone Product Manufacturing Loan Approval Date 7/14/2000 Loan Approval Gross Amount $530,000 Loan Approval from the SBA Of the total $530,000 loan amount, the SBA guaranteed $397,500. 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 13 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Transamerica Small Business Capita that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 - Friends and Family Small Business Banks in Greenville, South Carolina
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