Entrepreneur Works With Columbia, South Carolina Bank to Get an SBA Loan

Thinking about meeting with a Columbia, South Carolina bank about an SBA loan? Here's one South Carolina business loan, issued by a Columbia bank, that was approved by the SBA.

Applying for an SBA loan with Carolina National Bank & Trust worked out well for our friends at one local company in Columbia, South Carolina. They got an SBA loan for $100,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: EMPLOYMENT AGENCIES
COLUMBIA, SC 29201

SBA Loan Lender

CAROLINA NATIONAL BANK & TRUST
1350 MAIN ST
COLUMBIA, SC 29201

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7361 - Employment Agencies

NAICS Code

561310 -

Loan Approval Date

11/13/2002

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 7 employees. The SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Carolina National Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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SBA Approved Banks in Columbia, South Carolina

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