Company Gets a South Carolina SBA Loan

South CarolinaSBA loans are available to South Carolina entrepreneurs through the SBA. In this case, a South Carolina bank provides the loan.

Getting a small business loan in Andrews, South Carolina was a top priority for this particular business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Exch Bank - So. Carolina Inc.. Here are the details on this South Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES
ANDREWS, SC 29510

SBA Loan Lender

EXCH BANK - SO. CAROLINA INC.
130 W MAIN ST
KINGSTREE, SC 29556

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

12/5/2000

Loan Approval Gross Amount

$374,700

Loan Approval from the SBA

Of the total $374,700 loan amount, the SBA guaranteed $281,025.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help generate 5 new jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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