SBA 7(a)
Loan Program

Application Package Program Brochure Borrower Guide

Up To

$

5

M

Loan
Amounts

Up To

25

Year
Amortization

75

%

Maximum Guaranty

Our Most Flexible Loan Program

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 a variety of general business purposes with terms up to 25 years.

Working with BDC/CDC was the game changer for me. My goal was to continue and expand a successful niche manufacturing business that we had built over the last 15 years.

David Cline, Owner

Piedmont CMG
Ware Shoals, SC

SBA 7(a) Loans are
Available Through BDC for SC Businesses

Apply Now

Overview

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

Proceeds must be used for a business purpose which includes (but is not limited to) the following:

PURCHASE OF LAND AND BUILDINGS

MANUFACTURING EQUIPMENT

BUSINESS ACQUISITION

LEASEHOLD IMPROVEMENTS

STARTUP BUSINESS

Authorized Areas

Authorized Areas of Operations

Business Development Corporation (BDC) has authority from the Small Business Administration (SBA) to make SBA 7(a) loans in South Carolina.

Guidelines

7(a) Calculator

Sample Project

John Smith is interested in establishing his own franchised business, which he has determined will cost $250,000 to start. However, he’s uncertain if he will meet the required conditions of conventional financing. Due to its start-up nature, his long-term banker, Jane Williams, suggests that John use the SBA 7(a) guaranty program. Here’s how it works: Business Development Corporation will finance 90% ($225,000) of the total project, leaving John with only a 10% ($25,000) down payment. Note that these percentages are subject to change.

Lender/Borrower	Project Costs	Percentage of Project Costs
BDC	$225,000	90%
Equity	$25,000	10%
Total Project	$250,000	100%

We were thankful to be able to use BDC and SBA funding for this project. Without it, we could not have expanded our business into the Charleston area.

Since Children's Discovery Center has thrived in this location, we have already added a second location and brought 35 more jobs to this community.

Lois Rosenberry, CEO

Children's Discovery Center
Charleston, SC

Rob Evans

Senior Vice President, SBA & SSBCI Lending Officer

803.744.0308
803.744.0608
Email Rob

SBA 7(a) Loan Program