Business Loans South Carolina

The most common type of lender is the commercial bank, credit union, savings and loan companies, or investment companies. These lenders offer business loans, however, often times these loans must be secured.

Local Companies

Palmetto Health Richland
(803) 434-2955
Columbia, SC
Builders Firstsource
(864) 463-4620
101 Dewberry Rd
Cowpens, SC
J K Harris & Company
(843) 745-7443
4975 Lacross Rd Ste 300
Charleston, SC
Telaleasing Enterprises Inc
(843) 357-1391
1210 N Waccamaw Dr
Murrells Inlet, SC
Scientific Games Intl Inc
(843) 549-2982
401 S Jefferies Blvd
Walterboro, SC
Palmetto Health Richland
(803) 296-2158
Columbia, SC
Scientific Games
(864) 682-8564
1140 Church St
Laurens, SC
Scientific Games
(803) 496-7670
1410 Eutaw Rd
Holly Hill, SC
Scientific Games Intl Inc
(843) 444-0895
1960 Mister Joe White Ave
Myrtle Beach, SC
Scientific Games
(864) 969-4375
3883 Cross Anchor Rd
Enoree, SC

One type of investor that can loan a business money is called an “Angel Investor.” These are professional investors who invest solely in companies. Angel investors are an excellent source of early stage financing. Often times, angel investors will finance a business loan that may appear a risk to commercial banks, or may appear too small to venture capitalists. One downfall to angel investors, they are often highly involved in the business itself. Many business owners do not want someone else running the show, so to speak, and opt to stay away from angel investors for business loans.

Venture Capitalists are in the business of loaning money to businesses that offer strict investment criteria and specialize in very specific high-growth industries. In return for capital, venture capitalists will acquire stock in the company. Venture capitalists generally look for businesses that can show profit within three to five years, and then they move on. However, during those three to five years, venture capitalists play a very active role in shaping the business. This often leads to a lack of control by the business owner.

Both angel investors and venture capitalists can be found by asking your business lawyer or accountant. Or you can conduct your own search via the Internet.

Many individuals turn to family and friends to acquire a business loan. Others may seek financial assistance through business partners or potential customers. No matter whom you ask to lend you the money you need for your business, having a good business plan or blueprint is the key. No investor, large or small, wants to invest in a business that doesn’t have a good foundation, and that always starts with an excellent blueprint.

About the Author:

John Williams is the business loans blogger at http://businessloans.blogspot.com. He reviews business loans and interprets complicated financial data into simple to understand language.


Article Source:

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Building your small business and helping it grow takes a lot of effort and, more frequently, a lot of money. More often than not, the amount of money a small business needs in order to grow properly is difficult to obtain without help from outside source.
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