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November 15, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Myrtle Beach, Business Loans > Beach First National Bank Myrtle Beach Business Loans > Surveying And Mapping Services Loan | ||||
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How to Get an SBA Loan in Myrtle Beach, South Carolina
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Myrtle Beach, South Carolina Entrepreneur Gets an SBA LoanSouth CarolinaSBA loans are available to South Carolina entrepreneurs through the SBA. In this case, a South Carolina bank provides the loan. By giving the right information to Beach First National Bank, this Myrtle Beach, South Carolina business was able to get an SBA loan. To get this loan, the applying company gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: SURVEYING AND MAPPING SERVICES SBA Loan Lender BEACH FIRST NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541370 - Surveying and Mapping Services Loan Approval Date 9/12/2006 Loan Approval Gross Amount $275,000 Loan Approval from the SBA Of the total $275,000 loan amount, the SBA guaranteed $206,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for 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 company planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Beach First National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Beach First National 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: Small Bank Loans in Myrtle Beach, South Carolina
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