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November 15, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Beaufort, Business Loans > Lowcountry National Bank Beaufort Business Loans > Full-Service Restaurants Loan | ||||
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South Carolina Small Business SBA Loans
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St. Helena Island, 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. Getting a small business loan in St. Helena Island, South Carolina was a top priority for this particular business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Lowcountry National Bank. Here are the details on this South Carolina small business loan. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender LOWCOUNTRY NATIONAL BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 9/5/2001 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 an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Lenders in Beaufort, South Carolina
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