Winnsboro, South Carolina Business Gets SBA-Guaranteed Funding from Community Res. Bank

Community Res. Bank has a track record as a leading provider of SBA loans. Find out how this South Carolina entrepreneur received an SBA loan from them.

Getting a small business loan in Winnsboro, South Carolina was an essential business goal for this firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Community Res. Bank, operating out of Winnsboro, South Carolina. Here are the details on this South Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
WINNSBORO, SC 29180

SBA Loan Lender

COMMUNITY RES. BANK
610 W MOULTRIE ST
WINNSBORO, SC 29180

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

NAICS Code

453998 - Store Retailers

Loan Approval Date

3/14/2003

Loan Approval Gross Amount

$20,450

Loan Approval from the SBA

Of the total $20,450 loan amount, the SBA guaranteed $17,382.

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 2 employees. The loan application did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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 $20,450 loan. Remember, anyone can do it... so why not you?

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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