Entrepreneur Works With Hendersonville, North Carolina Bank to Get an SBA Loan

Thinking about meeting with a Hendersonville, North Carolina bank about a business loan? Here's one South Carolina business loan, issued by a Hendersonville bank, that was approved by the SBA.

Applying for an SBA loan with Carolina First Bank worked out well for our friends at one local business in Greenville, South Carolina. They received an SBA loan for $250,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: DIRECT SELLING ESTABLISHMENTS
GREENVILLE, SC 29609

SBA Loan Lender

CAROLINA FIRST BANK
201 WREN DR
HENDERSONVILLE, NC 28793

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454390 - Direct Selling Establishments

Loan Approval Date

5/22/2003

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

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 only one employee. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Don't apply for a loan directly with the SBA. You need to 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 an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Carolina First 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.

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