Ehrhardt, South Carolina Business Gets SBA-Guaranteed Funding from Business Devel Corp - So. Caro

An SBA loan from Business Devel Corp - So. Caro typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Ehrhardt, South Carolina business owner got a $150,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Ehrhardt, South Carolina, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Business Devel Corp - So. Caro, based in Columbia, South Carolina.

SBA Loan Borrower

COMPANY TYPE: HOMES FOR THE ELDERLY
EHRHARDT, SC 29081

SBA Loan Lender

BUSINESS DEVEL CORP - SO. CARO
111 EXEC CENTER DR, STE 225
COLUMBIA, SC 29221

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

623312 - Homes for the Elderly

Loan Approval Date

4/4/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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