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November 15, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Mount Pleasant, Business Loans > Southcoast Community Bank Mount Pleasant Business Loans > Computer Maintenance And Repair Loan | ||||
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Mount Pleasant SBA Lenders
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Entrepreneur Works With Mount Pleasant, South Carolina Bank to Get an SBA LoanWant to talk with a Mount Pleasant, South Carolina bank about an SBA loan? Here's one South Carolina business loan, issued by a Mount Pleasant bank, that was approved by the SBA. Applying for an SBA loan with Southcoast Community Bank worked out well for our friends at one local business in Charleston, South Carolina. The business was able to get an SBA loan for $100,000. Great job! SBA Loan Borrower COMPANY TYPE: COMPUTER MAINTENANCE AND REPAIR SBA Loan Lender SOUTHCOAST COMMUNITY BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7378 - Computer Maintenance and Repair Loan Approval Date 2/3/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $75,000. 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 15 employees. 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 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. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Small Business Banks in Mount Pleasant, South Carolina
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