Your bank's lending
partner for 67+ years

$
2.04
+
B
Invested in SC Businesses
 
3,261
+
Small Business Loans
 
67
+
Years in Business

A Leader in Small Business Lending

For more than 67 years, Business Development Corporation (BDC) has been a cornerstone of South Carolina's small business ecosystem, fueling growth and prosperity through strategic investments. Our enduring commitment is evident in our historical impact to date, as BDC has invested over $2.04 billion in South Carolina businesses via 3,261 small business loans.

Meet the Team Careers at BDC
As of 02/6/2026
5.805 %25-Year 504 Loan Rate
5.560 %25-Year Manufacturers Rate
6.75 %Prime Rate

Discover How BDC Can Help Grow Small Businesses

BDC is committed to helping South Carolina businesses find the right path to success. In our exclusive video series, we explain exactly who BDC is and how our flexible loan programs can help small businesses expand, innovate, and succeed.

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BDC's 2024 Impact Report Investing in Growth and Prosperity

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BDC General Brochure

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Careers at BDC

We're expanding our commercial lending team here at BDC, and we're looking for talented Commercial Loan Officers and Assistants who want to specialize in commercial loans. We've established strong partnerships with community bankers across South Carolina, creating a collaborative and focused environment. If that sounds like what you're looking for, let's connect.

Careers at BDC

Featured EventBDC & CDC Annual Meeting Bank Awards

May 7, 2025 - The annual meetings for Business Development Corporation (BDC) and Certified Development Corporation (CDC) were held on May 7 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

Why is Access to Capital so crucial for small business owners?

Access to capital is essential for small business growth as it allows businesses to finance operations, invest in expansion, weather economic downturns, and seize new opportunities.

Here, we provide vital information for both borrowers and lenders regarding access to capital, including:

  • What does Access to Capital mean?
  • Resources of Business Capital and where does BDC fit?
  • BDC Loan Programs - What are they and how do I get started?
  • Common Misconceptions about SBA Loans, such as "it's hard to qualify" or "it takes too long to get an answer."
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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.