Getting an SBA Loan for Tire Dealers
Looking for commercial loans for tire dealers? Try the SBA. This $150,000 tire dealers loan was issued by a South Carolina bank.
This business knew how to go about getting a business bank loan. Based in Society Hill, South Carolina, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Business Devel Corp - So. Caro, based in Columbia, South Carolina.
SBA Loan Borrower
COMPANY TYPE: TIRE DEALERS
SOCIETY HILL, SC 29593
SBA Loan Lender
BUSINESS DEVEL CORP - SO. CARO
111 EXEC CENTER DR, STE 225
COLUMBIA, SC 29221
This small business loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
441320 - Tire Dealers
Loan Approval Date
5/9/2003
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
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 only one employee. The SBA loan documents indicated that the borrowed money would help create 2 new jobs.
Great, But How Can I Get an SBA Loan for My Business?
Every year, the SBA guarantees over $10 billion for loans just like this one.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
Obtaining Funding - Getting Venture Capital
Best Columbia, South Carolina Banks for Small Business
Getting an SBA Loan in South Carolina