Ameris Bank SBA Loan to Beauty Salons Company

An SBA loan from Ameris Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hilton Head Island, South Carolina business owner got a $25,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hilton Head Island, South Carolina was able to borrow $25,000 from Ameris Bank. The SBA made the loan possible by guaranteeing $12,500 of this South Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
HILTON HEAD ISLAND, SC 29926

SBA Loan Lender

AMERIS BANK
2348 BOUNDARY ST
BEAUFORT, SC 29902

The lender provided this debt financing through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

3/1/2004

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

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 20 employees. The SBA loan application for the borrower indicated that the funding would help create 2 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

We've showcased information on this loan to let you know that businesses like yours 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.

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