Raising Money for Limited-Service Restaurants

Looking for business loans for limited-service restaurants? Talk to a banker who works with the SBA. This $115,000 limited-service restaurants loan was issued by a South Carolina bank.

This small business knew how to go about getting a business bank loan. Based in Bluffton, South Carolina, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was South Carolina Bank & Trust Natl, based in Bluffton, South Carolina.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
BLUFFTON, SC 29910

SBA Loan Lender

SOUTH CAROLINA BANK & TRUST NATL
1328 FORDING ISLAND RD
BLUFFTON, SC 29910

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

2/19/2003

Loan Approval Gross Amount

$115,000

Loan Approval from the SBA

Of the total $115,000 loan amount, the SBA guaranteed $97,750.

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 2 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money 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.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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Banks in Bluffton, South Carolina

South Carolina SBA Banks