SBA 7(a) loans are the most commonly used type of SBA loan given the various 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.
To help small businesses save on financing costs, the SBA 504 program is a 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.
By partnering with financial institutions, short and long-term financing are provided via the SSBCI program at competitive terms while reducing the risk for the lender and allowing small business borrowers to receive attractive financing terms and lower down payments.
The 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.
With maximum loan terms up to 10 years, EERL is designed to encourage borrowers to invest in energy efficient upgrades that reduce electric consumption. EERL was established through the South Carolina Energy Office and is administered by BDC.
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.
Needing an amortization schedule of your SBA loan? Looking for a specific form required for your loan application? This page features downloadable application forms and documents required for BDC loans plus a loan calculator for SBA 7(a) and SBA 504 loans.
