Business Development Corporation (BDC) has been recognized by the U.S. Small Business Administration as the leading provider of SBA 504 loans in South Carolina for 2020.
The Columbia-based non-bank lender’s associate company, Certified Development Corporation of South Carolina (CDC), received awards as the top lender for the year in both dollar volume and number of loans approved in the Palmetto State through the SBA 504 program, which provides guaranteed long-term, fixed-rate financing for small businesses in need of expansion and/or purchases.
In 2020, BDC worked with partner financial institutions to make loans to a wide range of businesses, including manufacturers, retailers, service providers, and other enterprises.
“We appreciate the recognition from the SBA as a validation of the hard work our staff and our bank partners do to provide critical capital to the entrepreneurs who create jobs and spur economic growth for all South Carolinians,” said Peter G. Shand, BDC President and CEO.
BDC is a non-bank commercial lending company that specializes in U.S. Small Business Administration (SBA) loan programs and the State Small Business Credit Initiative (SSBCI). The company is headquartered in Columbia, SC, and primarily serves the state of South Carolina and the Southeastern U.S.
