Ladson, South Carolina Business Gets SBA-Guaranteed Funding from Ameris Bank

An SBA loan from Ameris Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Ladson, South Carolina business owner got a $550,000 loan.

Getting a small business loan in Ladson, South Carolina was an essential business goal for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Ameris Bank, operating out of Beaufort, South Carolina. Here are the details on this South Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: AMBULANCE SERVICES
LADSON, SC 29456

SBA Loan Lender

AMERIS BANK
2348 BOUNDARY ST
BEAUFORT, SC 29902

This SBA bank 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.

NAICS Code

621910 - Ambulance Services

Loan Approval Date

2/25/2004

Loan Approval Gross Amount

$550,000

Loan Approval from the SBA

Of the total $550,000 loan amount, the SBA guaranteed $412,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 63 employees. The loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Ameris Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Getting a Small Business Loan

SBA 7A Lenders in Beaufort, South Carolina

SBA Participating Banks in South Carolina