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May 14, 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 > Automotive Body, Paint, And Interior Repair And Maintenance Loan | ||||
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Business Loans for Lexington Small Business Owners
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Automotive Body, Paint, and Interior Repair and Maintenance Commercial LoansLooking for commercial loans for automotive body, paint, and interior repair and maintenance? The SBA may be the answer. This $55,000 automotive body, paint, and interior repair and maintenance loan was issued by a South Carolina bank. This business knew how to go about getting a business bank loan. Based in Lexington, South Carolina, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Business Carolina, Inc., based in Columbia, South Carolina. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE BODY, PAINT, AND INTERIOR REPAIR AND MAINTENANCE SBA Loan Lender BUSINESS CAROLINA, INC. This lender provides SBA commercial 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 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 8/8/2007 Loan Approval Gross Amount $55,000 Loan Approval from the SBA Of the total $55,000 loan amount, the SBA guaranteed $46,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the funding would help create 2 new jobs. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, you 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've showcased information on this loan to let you know that businesses like yours 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: SBA Participating Banks in Columbia, South Carolina
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