Beaufort, South Carolina Bank Lends Money to Bus Charter Service Company in Beaufort, South Carolina

Want to talk with a Beaufort, South Carolina bank about a business loan? Here's one South Carolina business loan, issued by a Beaufort bank, that was approved by the SBA.

Applying for an SBA loan with Branch Bank & Trust worked out well for our friends at one local firm in Beaufort, South Carolina. They got an SBA loan for $29,543. Sweet!

SBA Loan Borrower

COMPANY TYPE: BUS CHARTER SERVICE
BEAUFORT, SC 29906

SBA Loan Lender

BRANCH BANK & TRUST
1 KEMMERLIN LN
BEAUFORT, SC 29907

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4142 - Bus Charter Service

NAICS Code

485510 - Charter Bus Industry

Loan Approval Date

2/27/2002

Loan Approval Gross Amount

$29,543

Loan Approval from the SBA

Of the total $29,543 loan amount, the SBA guaranteed $25,111.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Branch Bank & Trust and they will explain how you can get an SBA loan for your company.

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.

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