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May 17, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Columbia, Business Loans > Business Carolina, Inc. Columbia Business Loans > Paper Mills Loan | ||||
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South Carolina Bank SBA Loans
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Business Carolina, Inc. SBA Loan to Paper Mills CompanySearching for a South Carolina SBA loan? Here's one South Carolina business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Florence, South Carolina, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Business Carolina, Inc., based in Columbia, South Carolina. SBA Loan Borrower COMPANY TYPE: PAPER MILLS SBA Loan Lender BUSINESS CAROLINA, INC. This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2621 - Paper Mills Loan Approval Date 3/7/2000 Loan Approval Gross Amount $49,000 Loan Approval from the SBA Of the total $49,000 loan amount, the SBA guaranteed $39,200. 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 4 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We can help you find the best banks for small businesses in Florence 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. Related Links: Small Bank Loans in Columbia, South Carolina
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