SBA Loan from Carolina First Bank Helps Eating Places Company

Carolina First Bank has a track record as a leading provider of SBA loans. Find out how this South Carolina entrepreneur received an SBA loan from them.

This business knew how to go about getting a business bank loan. Based in Hilton Head, South Carolina, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Carolina First Bank, based in Hilton Head Island, South Carolina.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
HILTON HEAD, SC 29928

SBA Loan Lender

CAROLINA FIRST BANK
62 NEW ORLEANS RD
HILTON HEAD ISLAND, SC 29928

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/15/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Hilton Head SC, you ought to talk with a local Hilton Head SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hilton Head businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Carolina First Bank and they will explain how you can get an SBA loan for your company.

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:

Business Credit Evaluation

Best Banks for Small Business in Hilton Head Island, South Carolina

Getting an SBA Loan in South Carolina