Holly Hill, South Carolina Bank Lends Money to Hotels And Motels Company in Orangeburg, South Carolina

Want to talk with a Holly Hill, South Carolina bank about an SBA loan? Here's one South Carolina business loan, issued by a Holly Hill bank, that was approved by the SBA.

Applying for an SBA loan with Farmers & Merchants Bank - So. C worked out well for our friends at one local company in Orangeburg, South Carolina. They received an SBA loan for $1,052,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
ORANGEBURG, SC 29059

SBA Loan Lender

FARMERS & MERCHANTS BANK - SO. C
8624 OLD STATE RD
HOLLY HILL, SC 29059

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

5/16/2001

Loan Approval Gross Amount

$1,052,000

Loan Approval from the SBA

Of the total $1,052,000 loan amount, the SBA guaranteed $699,580.

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 only one employee. The loan application did not indicate that the small business promised to use the loan proceeds to increase staffing levels 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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,052,000 loan. Remember, if it to be, it is up to me!

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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