Your bank's lending
partner for 65+ years

$
2.01
+
B
Invested in SC Businesses
 
3,170
+
Small Business Loans
 
65
+
Years in Business

A Leader in Small Business Lending

For more than 65 years, Business Development Corporation (BDC) has been financing small businesses in South Carolina, leading to the creation of thousands of new jobs for the citizens of the Palmetto State. Since 1958, BDC and its associate company, Certified Development Corporation (CDC), have approved more than 3,170 loans totaling in excess of $2.01 billion, making them leaders in economic development lending and job creation in South Carolina.

As of 11/8/2024
6.283%25-Year 504 Rate
6.350%20-Year 504 Rate
7.75%Prime Rate

BDC Exceeds Expectations in 2023 Poised for Growth in 2024

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BDC General Brochure

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Featured EventBDC & CDC Annual Meeting Bank Awards

May 8, 2024 - The annual meetings for Business Development Corporation (BDC) and Certified Development Corporation (CDC) were held on May 8 at the Marriott Hotel in downtown Columbia.

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SBA 7(A)
LOAN GUARANTY PROGRAM

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Our Most Flexible Loan Program


  • VARIABLE
    RATE FINANCING

  • LOAN AMOUNTS OF
    $100 THOUSAND TO $5 MILLION

  • UP TO
    25 YEAR AMORTIZATION

  • ALTERNATIVE
    FINANCING SOLUTION

  • LIMITED
    COLLATERAL OK

  • FINANCE
    CLOSING COSTS

For businesses located in South Carolina

PURCHASE OF LAND AND BUILDINGS
MANUFACTURING EQUIPMENT
BUSINESS ACQUISITION
LEASEHOLD IMPROVEMENTS
STARTUP BUSINESS

SBA 504
LOAN (DEBENTURE) PROGRAM

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Funding to Help the Borrower and the Bank


  • FIXED
    RATE FINANCING

  • DEBENTURE AMOUNTS OF
    $100 THOUSAND TO $5 MILLION

  • UP TO
    25 YEAR AMORTIZATION

  • UP TO
    90% FINANCING

  • LOW
    FINANCING COSTS

  • JOB
    CREATION AND RETENTION

For businesses located in South Carolina and portions of Georgia and North Carolina

CONSTRUCTION OR RENOVATION
PURCHASE OF LAND AND BUILDINGS
MANUFACTURING EQUIPMENT
REFINANCE

SSBCI
LOAN PARTICIPATION PROGRAM

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Subordinated to Lender in the Event of Default


  • PARTICIPATIONS OF
    $50,000 - $1,000,000

  • LOAN OF
    $20 MILLION OR LESS

  • UP TO
    25 YEAR AMORTIZATION

  • APPROVE
    MORE LOANS

  • CREDIT
    ENHANCEMENT

  • FAST
    TURNAROUND

For businesses located in South Carolina

OWNER-OCCUPIED REAL ESTATE
MANUFACTURING EQUIPMENT
TERM LOAN FINANCING
INTERIM CONSTRUCTION LOAN

This SBA loan is not only a vote of confidence in the business that Gabby and our family has built, it's going to be a huge boost in our ability to provide both outstanding personal care products and inspiration to any girl who wants to follow Gabby's example.

Rozalynn Goodwin
GaBBY Bows
Columbia, SC

NavigatingSBA 7(a) and 504 Loans

Join Peter Shand, BDC's President & CEO, as he guides you through the intricacies of SBA lending, empowering you to make informed decisions about your business's financial future.

  • Gain a thorough understanding of the SBA lending process, including eligibility requirements, application procedures, and available loan options
  • Explore the nuances of two prominent SBA loan programs: SBA 7(a) and SBA 504
  • Discover the benefits, terms, and conditions of each program to determine which option best aligns with your business's financial needs and growth objectives

BDC Lending Team

Business Development Corporation: A Certified Community Development Financial Institution

Business Development Corporation of SC (BDC) became a US Treasury Certified CDFI in August 2015 and a SC Certified CDFI in December 2015.

BDC provides individuals and businesses with opportunities to access funds for local growth, job creation and economic development, with a priority focus on low to moderate income and underserved areas.