Borrow Money to Buy a Dollar Discount Stores Franchise

Need a loan to purchase a Dollar Discount Stores franchise? South Carolina Bank & Trust Natl has a history of making these loans and they are guaranteed by the SBA.

Dollar Discount Stores franchise loans are available to Orangeburg, South Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, South Carolina Bank & Trust Natl, based in Orangeburg, South Carolina, issued an SBA franchise loan for a Dollar Discount Stores franchise in 2004. We've got all the details on this South Carolina small business loan.

SBA Loan Borrower

DOLLAR DISCOUNT
ORANGEBURG, SC 29118

SBA Loan Lender

SOUTH CAROLINA BANK & TRUST NATL
950 JOHN C CALHOUN DR
ORANGEBURG, SC 29115

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

452990 - General Merchandise Stores

Loan Approval Date

3/31/2004

Loan Approval Gross Amount

$170,000

Loan Approval from the SBA

Of the total $170,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Dollar Discount Stores franchise. At the time of the loan, the company had 8 employees. The loan application indicated that the borrowed money would help create 8 new jobs.

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.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Dollar Discount

SBIR Funding

SBA 7A Banks in Orangeburg, South Carolina

Where to Get an SBA Loan South Carolina