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November 15, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Rock Hill, Business Loans > Provident Commun Bank Rock Hill Business Loans > Industrial Supplies Merchant Wholesalers Loan | ||||
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Small Business Banks for Fort Mill Entrepreneurs
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Business Loans for Industrial Supplies Merchant WholesalersLooking for business loans for industrial supplies merchant wholesalers? Talk to a banker who works with the SBA. This $250,000 industrial supplies merchant wholesalers loan was issued by a South Carolina bank. This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Provident Commun Bank, out of Rock Hill, South Carolina. The loan was granted and they received $250,000 to help grow their Fort Mill, South Carolina business. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender PROVIDENT COMMUN BANK This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423840 - Industrial Supplies Merchant Wholesalers Loan Approval Date 9/13/2006 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 2 existing jobs. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Provident Commun Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Provident Commun Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Role of Business Plan When Raising Money Best Rock Hill, South Carolina Banks for Small Business Getting a Business Loan in South Carolina
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