CHARLESTON, S.C. (AP) - A 99-year-old South Carolina nursery tells its workers it may have to close if the owners cannot find money to repay a bank loan.
Carolina Nurseries told its 335 workers Friday that the 686-acre wholesale plant facility in Berkeley County will close June 21 if financing cannot be found.
Company president J. Guy told the newspaper that 1 of the nursery's lenders is asking to be paid in full.
Guy says sales this spring have been good, but last year's sales were way off.
The newspaper said the facility dates back to 1911. Guy said it has survived hurricanes, snow storms and other disasters and he hopes it will survive the current recession and ensuing credit crunch.