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Message from Peter Shand, President of BDC

BDC is Open for Business

BDC regrets that we cannot accept Paycheck Protection Program (PPP) loan applications directly from any applicants at this time. We recommend that you contact your primary financial institution for assistance with a PPP loan.

Customer Questions Regarding Payment Options

If you have an existing SBA 7(a) loan with BDC and need to discuss your payment options, please contact Ron Derrick.

If you have an existing SBA 504 loan with CDC and need to discuss your payment options, please contact Sherri Scearce.

Disaster Loan Information

BDC does not issue Disaster Loans, as those loans are obtained directly from the Small Business Administration (SBA). If you’re in need of a Disaster Loan, please contact the SBA directly. For detailed information on this program and to apply, please click here.

We thank you for your understanding during these challenging times and we hope you and your loved ones stay safe and healthy.

Our best wishes to you and your family,
Peter Shand and Everyone at BDC and CDC

60+

YEARS IN BUSINESS

$1.7 Billion+

INVESTED IN SC BUSINESSES

2850+

SMALL BUSINESS LOANS

A Leader in Small Business Lending

For more than 60 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 2,850 loans totaling in excess of $1.71 billion, making them leaders in economic development lending and job creation in South Carolina.

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LOAN PROGRAMS

  • SBA 7(a) Loans

    SBA 7(a) loans are the most commonly used type of SBA loan given the long-term financing options available. In addition, this is the most flexible of all the SBA loan programs, since funds may be used for numerous business purposes with loan terms up to 25 years.

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     7(a) Application Package

  • SBA 504 Loans

    SBA 504 program is an attractive, long-term, fixed-rate financing tool designed to provide attractive financing options for small businesses in need of expansion and/or purchases. Terms are up to 25 years.

     Read More

     504 Application Package

  • SSBCI Loans

    This program enables small businesses to obtain short and long-term financing to help businesses grow and expand. The program provides small business loans at competitive terms while reducing lender risk and allowing borrowers to receive attractive financing terms and lower down payments.

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     SSBCI Loan Participation Brochure

  • CAP Loans

    The SC Capital Access Program (SC CAP) lending program is designed to provide financial institutions operating in South Carolina a flexible and non-bureaucratic tool to make business loans that are considered more risky than conventional loans.

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     CAP Application Form

  • EERL Loans

    The Energy Efficiency Revolving Loan (EERL) program was established through the US Department of Energy and the SC Office of Regulatory Staff Energy Office and is administered by the Business Development Corporation (BDC).

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  • Second Look Program

    BDC's Second Look Program allows a small to medium-sized business that has been declined financing for their business to receive a "second look" at a financing request made to a bank for a business loan.

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     Second Look Program Brochure

USE OF PROCEEDS

CONSTRUCTION OF NEW FACILITIES
CONSTRUCTION OF
NEW FACILITIES

XPANSION OR RENOVATION
EXPANSION OR
RENOVATION

PURCHASE OF LAND OR BUILDINGS
PURCHASE OF LAND
AND BUILDINGS

MACHINERY & EQUIPMENT
MACHINERY &
EQUIPMENT

WORKING CAPITAL
WORKING CAPITAL

REFINANCING DEBT
REFINANCING DEBT

STARTUP COSTS
STARTUP COSTS

CDFI

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.

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