Palmetto State Bank SBA Loan to Florists Company

An SBA loan from Palmetto State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Beaufort, South Carolina business owner got a $61,000 loan.

Getting a small business loan in Beaufort, South Carolina was an essential business goal for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Palmetto State Bank, operating out of Beaufort, South Carolina. Here are the details on this South Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
BEAUFORT, SC 29907

SBA Loan Lender

PALMETTO STATE BANK
145 LADYS ISLAND DR
BEAUFORT, SC 29902

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453110 - Florists

Loan Approval Date

12/15/2005

Loan Approval Gross Amount

$61,000

Loan Approval from the SBA

Of the total $61,000 loan amount, the SBA guaranteed $51,850.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Palmetto State Bank 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:

504 Loans

SBA 7A Banks in Beaufort, South Carolina

Getting an SBA Loan in South Carolina