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December 22, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Little River, Business Loans > Branch Bank & Trust Little River Business Loans > Eating Places Loan | ||||
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South Carolina Small Business SBA Loans
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N Myrtle Beach, South Carolina Entrepreneur Gets a Small Business LoanSearching for a South Carolina SBA loan? This South Carolina entrepreneur got an SBA loan, provided by a South Carolina bank that works with the SBA to help small business owners. By giving the right information to Branch Bank & Trust, this N 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: EATING PLACES SBA Loan Lender BRANCH BANK & TRUST This lender issued this particular SBA 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 7/24/2001 Loan Approval Gross Amount $35,958 Loan Approval from the SBA Of the total $35,958 loan amount, the SBA guaranteed $30,564. 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 15 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: SBA 7A Banks for Little River, South Carolina Loans
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