South Carolina Entrepreneur Secures Financing to Buy General Nutrition Center Franchise

Need money to purchase a General Nutrition Center franchise? Business Carolina, Inc. has a history of making these loans and they are guaranteed by the SBA.

General Nutrition Center franchise loans are available to Columbia, South Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Business Carolina, Inc., based in Columbia, South Carolina, issued an SBA franchise loan for a General Nutrition Center franchise in 2007. We've got all the details on this South Carolina small business loan.

SBA Loan Borrower

R&L VITAMINS, INC.
COLUMBIA, SC 29229

SBA Loan Lender

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

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446191 - Food Supplement Stores

Loan Approval Date

11/2/2007

Loan Approval Gross Amount

$95,000

Loan Approval from the SBA

Of the total $95,000 loan amount, the SBA guaranteed $80,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a General Nutrition Center franchise. At the time of the loan, the company had no employees. The SBA loan application for the borrower indicated that the funding would help create 2 new jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Business Carolina, Inc. and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

General Nutrition Centers / GNC Live Well

Obtaining Funding - How to Decide How Much to Raise

Small Business Banks in Columbia, South Carolina

SBA Participating Banks in South Carolina