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May 31, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Mount Pleasant, Business Loans > Branch Bank & Trust Mount Pleasant Business Loans > Automotive Services Loan | ||||
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South Carolina Bank SBA Loans
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Branch Bank & Trust SBA Loan to Automotive Services CompanySearching for a South Carolina business loan? Here's one South Carolina business loan that was approved by the SBA. This growing firm needed an SBA business loan in Charleston, South Carolina back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Branch Bank & Trust, operating out of Mount Pleasant, South Carolina. Here are the details on this South Carolina small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE SERVICES SBA Loan Lender BRANCH BANK & TRUST This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7549 - Automotive Services Loan Approval Date 4/13/2000 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. 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 12 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $250,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Participating Banks in Mount Pleasant, South Carolina
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