SBA Loans for Women's Clothing Stores

With these SBA loans for women's clothing stores, the SBA guarantees the lender that the loan will be repaid. This women's clothing stores loan for $128,425 was given to a South Carolina entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Camden, South Carolina was able to borrow $128,425 from Business Carolina, Inc.. The SBA made the loan possible by guaranteeing $96,318 of this South Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S CLOTHING STORES
CAMDEN, SC 29060

SBA Loan Lender

BUSINESS CAROLINA, INC.
1441 MAIN ST., SUITE 900
COLUMBIA, SC 29201

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5621 - Women's Clothing Stores

NAICS Code

448120 - Women's Clothing Stores

Loan Approval Date

9/20/2000

Loan Approval Gross Amount

$128,425

Loan Approval from the SBA

Of the total $128,425 loan amount, the SBA guaranteed $96,318.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a company in Camden SC, you ought to talk with a local Camden SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Camden businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Obtaining Funding - Getting Venture Capital

Where to Get an SBA Loan in Columbia, South Carolina

SBA South Carolina Banks