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December 22, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Greer, Business Loans > Greer State Bank Greer Business Loans > Local Trucking Without Storage Loan | ||||
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Duncan, South Carolina Bank for SBA Loans
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How to Get a Loan for General Freight Trucking, LocalLooking for SBA loans for general freight trucking, local? Try the SBA. This $124,763 general freight trucking, local loan was issued by a South Carolina bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Duncan, South Carolina was able to borrow $124,763 from Greer State Bank. The SBA made the loan possible by guaranteeing $106,048 of this South Carolina small business loan. SBA Loan Borrower COMPANY TYPE: LOCAL TRUCKING WITHOUT STORAGE SBA Loan Lender GREER STATE BANK This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with borrowing money. 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. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4212 - Local Trucking Without Storage NAICS Code 484110 - General Freight Trucking, Local Loan Approval Date 5/16/2001 Loan Approval Gross Amount $124,763 Loan Approval from the SBA Of the total $124,763 loan amount, the SBA guaranteed $106,048. 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 15 employees. The loan application did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. While you may be able to find other ways to get money to start a business, 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: Best Greer, South Carolina Banks for Small Business
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