SBA Loan from Business Devel Corp - So. Caro Helps Plastics Pipe And Pipe Fitting Manufacturing Company
Business Devel Corp - So. Caro has a track record as a leading provider of SBA loans. Find out how this South Carolina entrepreneur received an SBA loan from them.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Murrells Inlet, South Carolina was able to borrow $100,000 from Business Devel Corp - So. Caro. The SBA made the loan possible by guaranteeing $90,000 of this South Carolina small business loan.
SBA Loan Borrower
COMPANY TYPE: PLASTICS PIPE AND PIPE FITTING MANUFACTURING
MURRELLS INLET, SC 29576
SBA Loan Lender
BUSINESS DEVEL CORP - SO. CARO
111 EXEC CENTER DR, STE 225
COLUMBIA, SC 29221
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
326122 - Plastics Pipe and Pipe Fitting Manufacturing
Loan Approval Date
6/5/2006
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $90,000.
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 11 employees. This SBA loan request did not indicate that the small business planned to use the money to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
We can help you find the best banks for small businesses in Murrells Inlet or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
Understanding Dilution
SBA 7A Banks for Columbia, South Carolina Loans
South Carolina SBA 7A Lenders