Carolina Bank & Trust Co. SBA Loan to Medical Laboratories Company

Searching for a South Carolina SBA loan? Here's one South Carolina business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in Florence, South Carolina, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Carolina Bank & Trust Co., based in Quinby, South Carolina.

SBA Loan Borrower

COMPANY TYPE: MEDICAL LABORATORIES
FLORENCE, SC 29505

SBA Loan Lender

CAROLINA BANK & TRUST CO.
607 ASHBY RD
QUINBY, SC 29501

This 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.

SIC Code

8071 - Medical Laboratories

Loan Approval Date

7/13/2000

Loan Approval Gross Amount

$115,000

Loan Approval from the SBA

Of the total $115,000 loan amount, the SBA guaranteed $86,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 7 employees. The loan application indicated that the loan would help create 7 new jobs.

Next Steps for Getting an SBA Loan

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

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Carolina Bank & Trust Co. so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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Banks in Quinby, South Carolina

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