Business Loan from Ameris Bank Given to Loan Brokers 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 Port Royal, South Carolina business owner got a $65,000 loan.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Ameris Bank, out of Beaufort, South Carolina. The loan was granted and they received $65,000 to help grow their Port Royal, South Carolina business.

SBA Loan Borrower

COMPANY TYPE: LOAN BROKERS
PORT ROYAL, SC 29935

SBA Loan Lender

AMERIS BANK
2348 BOUNDARY ST
BEAUFORT, SC 29902

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

6163 - Loan Brokers

NAICS Code

522310 - Mortgage and Nonmortgage Loan Brokers

Loan Approval Date

4/8/2003

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This SBA loan was for $65,000. How would you spend $65,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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