Textile Machinery Manufacturing Small Business Loans

Looking for small business loans for textile machinery manufacturing? An SBA loan may be just what you've been looking for. This $790,000 textile machinery manufacturing loan was issued by a South Carolina bank.

Getting a small business loan in Greenville, South Carolina was important for this growing firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Travelers Rest, operating out of Greenville, South Carolina. Here are the details on this South Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: TEXTILE MACHINERY MANUFACTURING
GREENVILLE, SC 29611

SBA Loan Lender

BANK OF TRAVELERS REST
5101 OLD BUNCOMBE RD
GREENVILLE, SC 29609

This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333292 - Textile Machinery Manufacturing

Loan Approval Date

9/11/2006

Loan Approval Gross Amount

$790,000

Loan Approval from the SBA

Of the total $790,000 loan amount, the SBA guaranteed $592,500.

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 36 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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 Loan

SBA Banks in Greenville, South Carolina

SBA South Carolina Banks