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November 15, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > San Francisco, Business Loans > Bank Of The West San Francisco Business Loans > Boat Building Loan | ||||
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West Columbia, South Carolina Bank Loan
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Raising Money for Boat BuildingWith these business loans for boat building, the SBA guarantees the lender that the loan will be repaid. This boat building loan for $186,000 was given to a South Carolina entrepreneur in 2004. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in West Columbia, South Carolina was able to borrow $186,000 from Bank Of The West. The SBA made the loan possible by guaranteeing $139,500 of this South Carolina small business loan. SBA Loan Borrower COMPANY TYPE: BOAT BUILDING SBA Loan Lender BANK OF THE WEST This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 336612 - Boat Building Loan Approval Date 12/2/2004 Loan Approval Gross Amount $186,000 Loan Approval from the SBA Of the total $186,000 loan amount, the SBA guaranteed $139,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 35 employees. The SBA loan application for the borrower indicated that the loan would help retain 35 existing jobs. Getting an SBA Loan For Your Business Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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 $186,000 loan. Remember, things become real when you believe you can achieve them! 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: Banks in San Francisco, California
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