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R. Patrick Weston

14 Aug

R. Patrick Weston Named to BDC Board

Posted August 14, 2018

Veteran business financier R. Patrick Weston of Greenville has joined the Board of Directors of Business Development Corporation (BDC).

Weston is a Managing Partner of Route 2 Capital Partners (R2CP), a private investment firm providing mezzanine and equity financing to lower middle market operating companies. He co-founded R2CP in 2017 after 17 years with Azalea Capital.


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Peter Shand

7 August

Peter G. Shand Named to BDC Board

Posted August 7, 2018

Peter G. Shand has been named to the Board of Directors of Business Development Corporation (BDC), the non-bank lender he has served as President of for the past year. He was also named as CEO at this year's annual meeting.

Shand first joined BDC in 2013 after 25 years as a commercial lender, most recently as a Regional Credit Administration Officer with First Citizens Bank.


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Nat Green

12 Jun

SSBCI Loan Participation Program Update

Posted June 12, 2018
Success of South Carolina's SSBCI Loan Participation Program

Since the announcement of the SSBCI program in 2012, the SSBCI program has evolved into one of the most successful loan programs in the U.S. In 2014, the U.S. Treasury named South Carolina a leading state in deploying these funds to local lenders and small businesses.


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BDC & CDC Annual Meeting Bank Awards

23 May

BDC & CDC Annual Meeting Bank Awards

Posted May 23, 2018

Three South Carolina banks and four board members were recognized during the annual meetings of Business Development Corporation (BDC) and Certified Development Corporation (CDC).

The annual meetings for the fiscal year 2017 were held on May 17 at the Marriott Hotel in downtown Columbia. Recognized for their excellent performance in 2017 at the combined luncheon of BDC and CDC were:


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Rob Evans

5 April

CDC Announces SBA is Now Offering a New 25-Year 504 Debenture

Posted April 5, 2018
Now Available for 504 Projects Approved on or after April 2, 2018

The Small Business Administration (SBA) has announced the availability of a 504 Loan, and the Debenture that funds it, with a 25-year maturity. This is in addition to the 10 and 20-year 504 Loan and Debenture that are currently available in the 504 Loan Program.


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Sportsman Boats

28 Nov

BDC Assists Sportsman Boats in Going Solar at Production Facilities

Posted November 28, 2017

Business Development Corporation (BDC) has helped a Lowcountry boat builder secure special financing for its investment in solar energy at its production facilities.

Sportsman Boats went through the SC Energy Efficiency Revolving Loan (EERL) program to help pay for the 800-kilowatt rooftop solar array the company installed at its operations in Summerville.


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News Archive

Posted November 14, 2017
Peter G. Shand is the new President of Business Development Corporation (BDC) of SC, the non-bank, small-business lender created by the South Carolina General Assembly in 1958.

Posted November 8, 2017
Edwin Lesley Promoted to Chairman of the Board of Directors at Business Development Corporation

Posted October 31, 2017
BDC Names Lending and Insurance Veteran Rob Evans as Senior VP and Loan Officer

September 27, 2017
BDC Names Veteran Community Banker, Tony Lawton, as Senior VP and Loan Officer

August 22, 2017
Lloyd Hendricks Named to Business Development Corporation's Executive Committee

August 1, 2017
First Community Bank CEO Mike Crapps Named to BDC Executive Committee

July 25, 2017
Bank of Clarendon's Barry Ham Named to BDC Board of Directors

July 18, 2017
Vern Amick Honored with Title of Chairman Emeritus from Business Development Corporation

July 11, 2017
William O. Buyck Named Director Emeritus of Business Development Corporation

June 27, 2017
BDC & CDC Annual Meeting Bank Awards

May 31, 2017
Nate Barber Joins Board of Certified Development Corporation

May 23, 2017
S.C. Community Loan Fund CEO Michelle Mapp Joins BDC Board

January 16, 2017
Nat Green Joins BDC as Vice President and Loan Officer

July 13, 2016
Two Longtime Directors Retire from BDC Board After 35 Years of Service

June 22, 2016
Longtime Banker David L. Morrow Joins BDC Board

June 15, 2016
First Citizens Bank's Sharon Bryant Joins BDC Board

May 25, 2016
BDC & CDC Annual Meeting Bank Awards

March 16, 2016
BDC Helps McCrory Construction Create New HQ In the Vista

November 05, 2015
CDFA Announces Excellence in Development Finance Program Award

September 15, 2015
Special Announcement to Member Banks

June 12, 2015
BDC & CDC Annual Meeting Bank Awards

April 28, 2015
Mze Wilkins Joins Board of Certified Development Corporation

April 14, 2015
Certified Development Corporation Adds Greg Davis to Board

February 10, 2015
BDC Helps New HandPicked Owner Fulfill Her Future

January 7, 2015:
Jim Page Retires After 20 Years With BDC

November 20, 2014:
Small Business Makes a Big Impact on South Carolina

October 20, 2014:
Ron Paull Joins BDC as SVP/ Loan Servicing Officer

September 8, 2014:
Randolph Trucking, with assistance from BDC, JEDA and South State Bank, Utilizes South Carolina Energy Conservation Financing Programs

June 30, 2014:
BDC and its Member Bank, The Palmetto Bank, Participate in an Energy Saving Loan

June 23, 2014:
Daniel Felder Joins Board of Certified Development Corporation

May 22, 2014:
BDC & CDC Annual Meeting Bank Awards

April 21, 2014:
SBA Eliminates Fees on 7(a) Loans $150,000 or Less

March 6, 2014:
BDC and Its Member Bank, First Citizens, Support Lowcountry Small Business Lending

January 21, 2014:
Why choose BDC?

November 5, 2013:
BDC's Direct Marketing Approach

August 12, 2013:
Publishing Veteran Works With BDC to Finance Purchase of Columbia's Free Times

July 15, 2013:
Anna T. Locke Joins Board of Certified Development Corporation

June 24, 2013:
US Treasury Announces South Carolina as First in the Nation to Utilize all SSBCI Loan Participation Program Allocation Dollars

June 3, 2013:
Ameris Bank President H. Richard Sturm Joins BDC Board

May 20, 2013:
BDC & CDC Annual Meeting Bank Awards

April 27, 2013:
BDC Receives Third Round of Funding from US Treasury for SSBCI Loan Program

March 27, 2013:
Peter Shand and Brian Hofferth Join BDC, Adding 48 Years of Lending Experience

February 5, 2013:
W.C. "Bill" Grimes Retires After 25 Years With BDC

November 21, 2012:
Small Business Makes a Big Impact on South Carolina

October 23, 2012:
S.C. JEDA Announces Second Round of Funding to Spur More than $59 Million in Lending to SC Small Business