Building South Carolina One Business At A Time

Welcome

Business Development Corporation of SC (BDC) was established in 1958 by the South Carolina State Legislature to promote business and industry within the state. BDC is a non-bank commercial lending company specializing in the SBA 7(a) loan guaranty program.

Certified Development Corporation of SC (CDC), a sister corporation of BDC, has participated in providing financial assistance to businesses since 1994. CDC specializes in SBA 504 debenture financing — all of which are limited to the state of South Carolina.

Both BDC and CDC serve a unique role in South Carolina's economic picture, primarily by providing promising businesses a source for commercial loans not usually undertaken by traditional lending institutions.

BDC and CDC continue to have successful years.  For the year ended 2009, BDC had 41 approvals representing $16,548,503.00 in total loan amounts. An estimated 200 jobs were created or retained with these approvals. For the year ended 2009, CDC had approval for 33 debentures totaling $16,556,000, representing $48,807,595 in total project costs. An estimated 447 jobs were created or retained with these approvals.

From 1958 through 2009, the BDC and CDC have approved some 1,660 loans for $626.5 million making the combined entities the leading SBA lender in South Carolina.

Coverage

View a map of our service area, by county, in South Carolina and Georgia.