SC Drive In LLC
SC Drive In LLC is located in Florence, SC, and the SBA lists its industry as Limited-Service Restaurants. It was approved for an SBA 7(a) loan of $1,145,000 for a change of ownership on August 21, 2026.
SBA 7(a) loan, change of ownership, approved Aug 21, 2026
- Gross approval
- $1,145,000
- SBA-guaranteed amount
- $858,750 (75% of the approval)
- Lender
- Milestone Bank, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 21, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $14,504 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 1, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 29
- Business type
- Corporation
- NAICS
- 722513, Limited-Service Restaurants
- Project location
- Florence County, SC
- SBA district office
- South Carolina District Office
- Congressional district
- SC-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 58% of acquisition loans in Limited-Service Restaurants on this site.
- Average acquisition loan in Limited-Service Restaurants: $1,303,660.
- Average acquisition loan in South Carolina: $1,827,509.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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Same industry in South Carolina
- Rooftop Bar, LLC, Columbia
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