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November 15, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Hilton Head Island, Business Loans > Coastalstates Bank Hilton Head Island Business Loans > Boat Dealers Loan | ||||
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Banks for Businesses in South Carolina
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Company Gets a South Carolina SBA LoanSBA loans in South Carolina are hard to find these days. We take a look at one South Carolina SBA loan, provided by a South Carolina bank, that was approved by the SBA. Getting a small business loan in Beaufort, South Carolina was a top priority for this particular business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Coastalstates Bank. Here are the details on this South Carolina small business loan. SBA Loan Borrower COMPANY TYPE: BOAT DEALERS SBA Loan Lender COASTALSTATES BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441222 - Boat Dealers Loan Approval Date 12/17/2007 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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 loan application indicated that the loan would help generate 1 new job and retain 7 existing jobs. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. 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 $200,000 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: SBA 7A Banks in Hilton Head Island, South Carolina
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