Interior Design Services Business Loans

Looking for business loans for interior design services? An SBA loan may be just what you've been looking for. This $695,000 interior design services loan was issued by a South Carolina bank.

This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with First National Business Cap., out of Greenville, South Carolina. The loan was granted and they received $695,000 to help grow their Pawleys Island, South Carolina business.

SBA Loan Borrower

COMPANY TYPE: INTERIOR DESIGN SERVICES
PAWLEYS ISLAND, SC 29585

SBA Loan Lender

FIRST NATIONAL BUSINESS CAP.
1204 A EAST WASHINGTON ST
GREENVILLE, SC 29601

This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541410 - Interior Design Services

Loan Approval Date

4/21/2004

Loan Approval Gross Amount

$695,000

Loan Approval from the SBA

Of the total $695,000 loan amount, the SBA guaranteed $521,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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