Entrepreneur Works With Columbia, South Carolina Bank to Get an SBA Loan

Find Columbia, South Carolina banks that specialize in small business loans and know how to work with entrepreneurs. Business Carolina, Inc. is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Greenville, South Carolina starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Business Carolina, Inc.. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: TEXTILE MACHINERY MANUFACTURING
GREENVILLE, SC 29604

SBA Loan Lender

BUSINESS CAROLINA, INC.
1441 MAIN ST., SUITE 900
COLUMBIA, SC 29201

This lender provides SBA bank 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

333292 - Textile Machinery Manufacturing

Loan Approval Date

5/31/2005

Loan Approval Gross Amount

$1,048,000

Loan Approval from the SBA

Of the total $1,048,000 loan amount, the SBA guaranteed $786,000.

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 13 employees. The SBA loan application for the borrower indicated that the loan would help retain 13 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,048,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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