Business Carolina, Inc.
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Business Carolina, Inc. · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 721110 | Hotels (except Casino Hotels) and Motels | 8 | $10.5M | $1.3M | 5.0% |
| 624410 | Child Care Services | 5 | $1.4M | $278K | 3.1% |
| 484110 | General Freight Trucking, Local | 5 | $1.5M | $297K | 3.1% |
| 238110 | Poured Concrete Foundation and Structure Contractors | 3 | $2.1M | $702K | 1.9% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 3 | $2.6M | $870K | 1.9% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 3 | $2.4M | $812K | 1.9% |
| 321999 | All Other Miscellaneous Wood Product Manufacturing | 2 | $2.4M | $1.2M | 1.3% |
| 541511 | Custom Computer Programming Services | 2 | $411K | $206K | 1.3% |
| 812310 | Coin-Operated Laundries and Drycleaners | 2 | $650K | $325K | 1.3% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 2 | $840K | $420K | 1.3% |
Geographic Distribution
SBA lending activity for Business Carolina, Inc. by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Carolina (SC) | 120 | $60.0M | 75.0% |
| North Carolina (NC) | 29 | $28.0M | 18.1% |
| Florida (FL) | 2 | $2.1M | 1.3% |
| Georgia (GA) | 5 | $1.3M | 3.1% |
| West Virginia (WV) | 2 | $889K | 1.3% |
| New York (NY) | 1 | $500K | 0.6% |
| Delaware (DE) | 1 | $415K | 0.6% |
Why Choose Business Carolina, Inc.?
Based on SBA 7(a) lending track record from 1999-2013
- ✓Proven Track Record: 160 SBA loans approved, totaling $93.2M in financing
- ✓Industry Expertise: Specialized focus on Hotels (except Casino Hotels) and Motels, Child Care Services, General Freight Trucking, Local
- ✓Competitive Terms: Average interest rate of 5.74% with flexible term lengths averaging 172 months
- ✓Loan Range: Loan sizes from $15K to $2.3M, with an average of $582K
- ✓Nationwide Reach: Active lending in 7 states, with strong presence in SC, NC, GA
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Business Carolina, Inc. SBA lending
What types of businesses does Business Carolina, Inc. typically finance?
Business Carolina, Inc. specializes in SBA 7(a) lending to specific industries including hotels (except casino hotels) and motels, child care services, general freight trucking, local, poured concrete foundation and structure contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Business Carolina, Inc.'s typical SBA loan terms?
Business Carolina, Inc.'s SBA 7(a) loans typically feature an average interest rate of 5.74% and average term length of 172 months (approximately 14 years). Loan sizes range from $15K to $2.3M, with an average loan size of $582K.
Do I need a business valuation for a Business Carolina, Inc. SBA loan?
Yes, Business Carolina, Inc. typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Business Carolina, Inc. compare to other SBA lenders?
Business Carolina, Inc. has originated 160 SBA loans totaling $93.2M since 1999. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Business Carolina, Inc. lend in?
Business Carolina, Inc. provides SBA 7(a) financing with particularly strong presence in SC, NC, GA, WV, FL. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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