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April 28, 2024  
 
 
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Anderson, South Carolina Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Anderson, SC Entrepreneur Gets SBA Loan to Buy Dairy Queen Franchise

Need money to buy a Dairy Queen franchise? Business Devel Corp - So. Caro has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Anderson, South Carolina needed money to invest in a Dairy Queen franchise back in 2003. Business Devel Corp - So. Caro issued an SBA franchise loan. Here are the details on this South Carolina small business loan.

SBA Loan Borrower

ANDERSON TRAVEL CENTER
ANDERSON, SC 29622

SBA Loan Lender

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

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

4/25/2003

Loan Approval Gross Amount

$420,000

Loan Approval from the SBA

Of the total $420,000 loan amount, the SBA guaranteed $315,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Dairy Queen franchise. At the time of the loan, the company had 19 employees. The SBA loan documents indicated that the loan would help generate 26 new jobs and retain 19 existing jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

We can help you find the best banks for small businesses in Anderson or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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