Limited-Service Restaurants Commercial Loans

Looking for commercial loans for limited-service restaurants? Talk to a banker who works with the SBA. This $334,400 limited-service restaurants loan was issued by a South Carolina bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Easley, South Carolina was able to borrow $334,400 from Carolina First Bank. The SBA made the loan possible by guaranteeing $250,800 of this South Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
EASLEY, SC 29640

SBA Loan Lender

CAROLINA FIRST BANK
102 S MAIN ST
GREENVILLE, SC 29601

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/20/2001

Loan Approval Gross Amount

$334,400

Loan Approval from the SBA

Of the total $334,400 loan amount, the SBA guaranteed $250,800.

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 SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Carolina First Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Carolina First Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Obtaining Funding - Getting Venture Capital

Best Greenville, South Carolina Banks for Small Business

South Carolina SBA 7A Lenders