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May 17, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Spartanburg, Business Loans > First National Bank - So. D/b/a 1st Spartanburg Business Loans > Traveler Accommodation Loan | ||||
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Best Banks That Lend to Tamassee Small Businesses
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Local Business Gets a South Carolina Business LoanBusiness loans in South Carolina are tough to come by these days. We take a look at one South Carolina business loan, provided by a South Carolina bank, that was approved by the SBA. You can learn something about getting a small business loan in Tamassee, South Carolina by studying this loan to a local business, made back in 2005. Banks like First National Bank - So. D/b/a 1st may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: TRAVELER ACCOMMODATION SBA Loan Lender FIRST NATIONAL BANK - SO. D/B/A 1ST As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721199 - Traveler Accommodation Loan Approval Date 3/23/2005 Loan Approval Gross Amount $275,000 Loan Approval from the SBA Of the total $275,000 loan amount, the SBA guaranteed $206,250. 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 only one employee. The loan application indicated that the loan would help generate 1 new job and retain 1 existing job. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First National Bank - So. D/b/a 1st had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First National Bank - So. D/b/a 1st made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 7A Lenders in Spartanburg, South Carolina
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