Columbia, South Carolina Entrepreneur Gets a Small Business Loan

SBA loans in South Carolina are hard to find these days. We take a look at one South Carolina SBA loan, provided by a California bank, that was approved by the SBA.

Getting a small business loan in Columbia, South Carolina was a top priority for this particular business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Innovative Bank. Here are the details on this South Carolina small business loan.

SBA Loan Borrower

COMPANY TYPE: MEN'S AND BOYS' CUT AND SEW WORK CLOTHING MANUFACTURING
COLUMBIA, SC 29209

SBA Loan Lender

INNOVATIVE BANK
360 14TH ST
OAKLAND, CA 94612

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

315225 - Men's and Boys' Cut and Sew Work Clothing Manufacturing

Loan Approval Date

9/4/2007

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

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 2 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

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.

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