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 a variety of general business purposes.
This program enables small businesses to obtain short to long-term financing to help businesses grow and expand. The program provides small business loans at competitive terms while reducing lender risk.
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.
SC Energy Efficiency Revolving Loan Program (EERL)
The Energy Efficiency Revolving Loan (EERL) program was established through the US Department of Energy and the SC Energy Office using "stimulus" funding. It is administered by the Business Development Corporation (BDC) by contract with JEDA.
Rural Modernization Loan Participation Program
The Rural Modernization Loan Participation Program, a pilot program, enables small manufacturing businesses in South Carolina obtain term financing to help replace outdated equipment or add additional equipment, ultimately creating and retaining jobs in South Carolina.
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.
Business Development Corporation of SC (BDC) was established in 1958 by the South Carolina State Legislature to promote business and industry within the state. BDC is a non-bank commercial lending company.
111 Executive Center Drive
Enoree Building, Suite 225
Columbia, South Carolina 29210