Hartford, Connecticut Bank Lends Money to Bowling Centers Company in Summerville, South Carolina
Want to talk with a Hartford, Connecticut bank about a small business loan? Here's one South Carolina business loan, issued by a Hartford bank, that was approved by the SBA.
Applying for an SBA loan with Business Lenders, LLC worked out well for our friends at one local company in Summerville, South Carolina. They got an SBA loan for $1,800,000. Sweet!
SBA Loan Borrower
COMPANY TYPE: BOWLING CENTERS
SUMMERVILLE, SC 29485
SBA Loan Lender
BUSINESS LENDERS, LLC
50 STATE HOUSE SQUARE 5TH FL
HARTFORD, CT 06103
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank 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
713950 - Bowling Centers
Loan Approval Date
12/8/2005
Loan Approval Gross Amount
$1,800,000
Loan Approval from the SBA
Of the total $1,800,000 loan amount, the SBA guaranteed $1,350,000.
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 30 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Business Lenders, LLC so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Startup Funding Tip
SBA 7A Banks in Hartford, Connecticut
SBA Lenders in Connecticut