Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Greenwood, South Carolina Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Where to Get Capital for Caterers

Looking for SBA loans for caterers? Talk to a banker who works with the SBA. This $245,000 caterers loan was issued by a South Carolina bank.

This small business knew how to go about getting a business bank loan. Based in Greenwood, South Carolina, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Business Carolina, Inc., based in Columbia, South Carolina.

SBA Loan Borrower

COMPANY TYPE: CATERERS
GREENWOOD, SC 29646

SBA Loan Lender

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

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide debt financing to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722320 - Caterers

Loan Approval Date

3/29/2001

Loan Approval Gross Amount

$245,000

Loan Approval from the SBA

Of the total $245,000 loan amount, the SBA guaranteed $183,750.

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

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Business Carolina, Inc. and they will explain how you can get an SBA loan for your company.

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:

Borrowing Money from Friends and Family

Find an SBA Lender in Columbia, South Carolina

South Carolina SBA Banks