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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 > Musical Instrument And Supplies Stores Loan | ||||
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Business Devel Corp - So. Caro Small Business Greenville, SC
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SBA Loan from Business Devel Corp - So. Caro Helps Musical Instrument And Supplies Stores CompanyBusiness Devel Corp - So. Caro 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 Greenville, South Carolina was an essential business goal for this firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Business Devel Corp - So. Caro, operating out of Columbia, South Carolina. Here are the details on this South Carolina small business loan. SBA Loan Borrower COMPANY TYPE: MUSICAL INSTRUMENT AND SUPPLIES STORES SBA Loan Lender BUSINESS DEVEL CORP - SO. CARO 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 451140 - Musical Instrument and Supplies Stores Loan Approval Date 8/7/2003 Loan Approval Gross Amount $207,900 Loan Approval from the SBA Of the total $207,900 loan amount, the SBA guaranteed $155,925. 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 2 new jobs and retain 1 existing job. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Business Devel Corp - So. Caro and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Best Banks for Small Business in Columbia, South Carolina
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