SBA Loan from First National Bank - So. D/b/a 1st Helps Paint And Wallpaper Stores Company

An SBA loan from First National Bank - So. D/b/a 1st typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Spartanburg, South Carolina business owner got a $400,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Spartanburg, South Carolina, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was First National Bank - So. D/b/a 1st, based in Spartanburg, South Carolina.

SBA Loan Borrower

COMPANY TYPE: PAINT AND WALLPAPER STORES
SPARTANBURG, SC 29301

SBA Loan Lender

FIRST NATIONAL BANK - SO. D/B/A 1ST
215 N PINE ST
SPARTANBURG, SC 29302

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444120 - Paint and Wallpaper Stores

Loan Approval Date

9/29/2005

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $400,000 loan. Remember, feel the fear, and do it anyway.

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 - How to Decide How Much to Raise

Best Banks for Small Business in Spartanburg, South Carolina

Browse All Business Loan Sources for South Carolina