Loans for Cigarette Manufacturing

With these loans for cigarette manufacturing, the SBA guarantees the lender that the loan will be repaid. This cigarette manufacturing loan for $1,600,000 was given to a South Carolina entrepreneur in 2002.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Horry County State Bank, out of Loris, South Carolina. The loan was granted and they received $1,600,000 to help grow their Conway, South Carolina business.

SBA Loan Borrower

COMPANY TYPE: CIGARETTE MANUFACTURING
CONWAY, SC 29528

SBA Loan Lender

HORRY COUNTY STATE BANK
5009 BROAD ST
LORIS, SC 29569

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

312221 - Cigarette Manufacturing

Loan Approval Date

2/1/2002

Loan Approval Gross Amount

$1,600,000

Loan Approval from the SBA

Of the total $1,600,000 loan amount, the SBA guaranteed $960,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Horry County State Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Small Business Credit Cards

SBA 7A Banks for Loris, South Carolina Loans

Find an SBA Lender in South Carolina