Business Devel Corp - So. Caro SBA Loan to Nursery And Garden Centers Company

An SBA loan from Business Devel Corp - So. Caro typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Pendleton, South Carolina business owner got a $373,700 loan.

This business knew how to go about getting a business bank loan. Based in Pendleton, South Carolina, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Business Devel Corp - So. Caro, based in Columbia, South Carolina.

SBA Loan Borrower

COMPANY TYPE: NURSERY AND GARDEN CENTERS
PENDLETON, SC 29670

SBA Loan Lender

BUSINESS DEVEL CORP - SO. CARO
111 EXEC CENTER DR, STE 225
COLUMBIA, SC 29221

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444220 - Nursery and Garden Centers

Loan Approval Date

6/23/2004

Loan Approval Gross Amount

$373,700

Loan Approval from the SBA

Of the total $373,700 loan amount, the SBA guaranteed $280,275.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower indicated that the loan would help retain 7 existing jobs.

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.

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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