Palmetto State Extra: Small Business Report

The SBA 7(A) Program And Credit Lines

The SBA reduces the risk for lenders and makes it easier for them to access capital. SBA guaranteed loans can be used for a variety of business purposes, including starting or expanding an existing business. That makes it easier for small businesses to get loans.Under the program, small businesses (generally those with fewer than 500 employees) who are unable to get traditional financing through banks can apply for funds that can then be used for anything from buying a business, purchasing real estate, or for working capital. These multi-purpose SBA loan programs offer the most flexible and longest-term loans.

To qualify for this loan you must have fewer than 500 employees or less than $20.5 million in average annual receipts. You must operate as a for-profit business, be based in the United States, and not be delinquent on any debt (such as taxes) owed to the government.

The School of The Great Commission To Open Satellite College In Florence

FLORENCE, S.C. – The School of the Great Commission Bible College and Seminary Pee Dee Satellite will open on Aug. 13 at 307 Second Loop Road in Florence. A ribbon cutting was held Tuesday with the Greater Florence Chamber of Commerce to celebrate the opening and its membership in the chamber.

Dr. Kenneth O. Smith, director of the Pee Dee Region of SOGC, cut the ribbon. He was joined by Dr. Winford Thompson. He is national director of National Body of Christ Ministries, parent organization of SOGC, and chancellor of SOGC. Smith was also joined by friends and family, as well as chamber staff and ambassadors.

Smith said the school hopes to start here at the new location in Florence and grow throughout the Pee Dee.

“We are glad to be in the Pee Dee Region,” he said. “I look forward to collaborating with the chamber members.”

HomeTeam Offers Home Inspections For Potential Buyers

FLORENCE, S.C. – HomeTeam Inspection Service celebrated membership in the Greater Florence Chamber of Commerce with a ribbon cutting on Wednesday in the James Allen Plaza on Dargan Street. Cutting the ribbon was Buni Johnson, co-owner with her brother-in-law Jeff Johnson. Chamber staff and ambassadors joined in the celebration.

HomeTeam Inspections Service of the Pee Dee opened on June 20. It is a home-based business that helps buyers and their agents when purchasing a home make sure everything about the home is in working order.

The HomeTeam owners said they inspect the interior and exterior of homes for safety and function. This includes inspection of roofs, HVAC systems, plumbing, electrical wiring, major home appliances, water heater, and crawl space and attics for foundation issues and leaks.

“We inspect to see if the home needs any repairs before the purchase is made,” said Buni Johnson.

Yummy House Opens On West Palmetto Street

FLORENCE – A ribbon cutting was held Monday at Yummy House, 1555A W. Palmetto St., celebrating its membership in the Greater Florence Chamber of Commerce.

Owner Amanda Yang cut the ribbon. She was joined by chamber staff and ambassadors and members of her team.

Yummy House has been open a week. Yang said this is her family’s second restaurant location. They have another restaurant in Mullins.

“This one is a little different,” she said.

The menu includes seafood, chicken, wings and Hibachi. The seafood menu has tilapia, shrimp, catfish, lobster, snow crab legs, Cajun Boil and other seafood items, paired with chicken. Wings range from hot, mild, to lemon pepper, barbecue and other flvors. The menu includes Hibachi rice, chicken, steak, shrimp, and a mixed Hibachi. The menu also offers appetizers and desserts.