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December 19, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Savannah, Business Loans > Darby Bank & Trust Savannah Business Loans > Business Services Loan | ||||
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SBA Lenders in Bluffton
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SBA Loan from Darby Bank & Trust Helps Business Services CompanyAn SBA loan from Darby Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bluffton, South Carolina business owner got a $70,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bluffton, South Carolina was able to borrow $70,000 from Darby Bank & Trust. The SBA made the loan possible by guaranteeing $59,500 of this South Carolina small business loan. SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICES SBA Loan Lender DARBY BANK & TRUST This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services NAICS Code 541490 - Specialized Design Services Loan Approval Date 3/27/2002 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $59,500. 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 2 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to raise money for a business in Bluffton SC, you ought to talk with a local Bluffton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bluffton businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Find an SBA Lender in Savannah, Georgia
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