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May 18, 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 > Broadwoven Fabric Finishing Mills Loan | ||||
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How to Get a Small Business Loan from Business Carolina, Inc.
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SBA Loan from Business Carolina, Inc. Helps Broadwoven Fabric Finishing Mills CompanyBusiness Carolina, Inc. is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one South Carolina entrepreneur who tapped into the power of SBA loans. Getting a small business loan in Loris, South Carolina was an essential business goal for this firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Business Carolina, Inc., operating out of Columbia, South Carolina. Here are the details on this South Carolina small business loan. SBA Loan Borrower COMPANY TYPE: BROADWOVEN FABRIC FINISHING MILLS SBA Loan Lender BUSINESS CAROLINA, INC. 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 313311 - Broadwoven Fabric Finishing Mills Loan Approval Date 4/19/2007 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 an existing business. This loan was not for a franchise. At the time of the loan, the company had 21 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 21 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Business Carolina, Inc. and they will explain how you can get an SBA loan for your company. 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 7A Banks in Columbia, South Carolina South Carolina SBA Bank Lenders
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