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May 8, 2024 |
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| Home > Small Business Lenders by State > South Carolina Business Loan Sources > Columbia, Business Loans > Business Devel Corp - So. Caro Columbia Business Loans > Full-Service Restaurants Loan | ||||
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Examples of Anderson SBA Loans
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Getting an SBA Loan for Full-Service RestaurantsLooking for SBA loans for full-service restaurants? The SBA may be the answer. This $150,000 full-service restaurants loan was issued by a South Carolina bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Anderson, South Carolina was able to borrow $150,000 from Business Devel Corp - So. Caro. The SBA made the loan possible by guaranteeing $127,500 of this South Carolina small business loan. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender BUSINESS DEVEL CORP - SO. CARO This lender provides SBA loan for small businesses 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 722110 - Full-Service Restaurants Loan Approval Date 1/21/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. The SBA loan documents indicated that the loan would help generate 29 new jobs and retain 1 existing job. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Business Devel Corp - So. Caro had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Business Devel Corp - So. Caro made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Role of Business Plan When Raising Money SBA Participating Banks in Columbia, South Carolina
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