Columbia, South Carolina Bank Gives SBA Loan to Drycleaning And Laundry Services Company
Get SBA loans from a Columbia, South Carolina bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.
Business Devel Corp - So. Caro is a Columbia, South Carolina small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a South Carolina company.
SBA Loan Borrower
COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES
MOUNT PLEASANT, SC 29464
SBA Loan Lender
BUSINESS DEVEL CORP - SO. CARO
111 EXEC CENTER DR, STE 225
COLUMBIA, SC 29221
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
812320 - Drycleaning and Laundry Services
Loan Approval Date
5/29/2002
Loan Approval Gross Amount
$725,000
Loan Approval from the SBA
Of the total $725,000 loan amount, the SBA guaranteed $543,750.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 10 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 1 existing job.
Next Steps for Getting an SBA Loan
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Business Devel Corp - So. Caro so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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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