Orangeburg, South Carolina Bank Lends Money to Discount Department Stores Company in Bowman, South Carolina

Find Orangeburg, South Carolina banks that specialize in SBA loans and know how to work with entrepreneurs. South Carolina Bank & Trust Natl is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Bowman, South Carolina starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from South Carolina Bank & Trust Natl. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: DISCOUNT DEPARTMENT STORES
BOWMAN, SC 29018

SBA Loan Lender

SOUTH CAROLINA BANK & TRUST NATL
1255 ST MATTHEWS RD
ORANGEBURG, SC 29118

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

452112 - Discount Department Stores

Loan Approval Date

5/5/2003

Loan Approval Gross Amount

$94,250

Loan Approval from the SBA

Of the total $94,250 loan amount, the SBA guaranteed $80,113.

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 only one employee. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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 $94,250 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.

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