Featured NewsOptus Bank President Benita Lefft Named to BDC Board
June 3, 2026 - Benita Lefft, President and Chief Operating Officer of Optus Bank, has joined the Board of Directors of Business Development Corporation (BDC).
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May 12, 2026
May CDC Borrower Spotlight
The SBA 504 Program Supports Manufacturing Special Rates for Manufacturing An expanding manufacturer used the SBA 504 program to construct...
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April 14, 2026
April CDC Borrower Spotlight
SBA 504 Program Fuels Growth Fixed Rate, Long-Term Financing This experienced small business owner utilized the 504 program to purchase...
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March 10, 2026
March CDC Borrower Spotlight
Long‑term Funding with Fixed Rates Business Owner Transitions from Leasing to Full Ownership The SBA 504 program allowed this Lexington...
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February 10, 2026
February CDC Borrower Spotlight
Empowering Local Entrepreneurs Through SBA 504 Financing Owner‑Occupied Real Estate Financing in Chapin Using long‑term, fixed‑rate SBA 504 financing, this...
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January 13, 2026
January CDC Borrower Spotlight
Owner‑Occupied Real Estate Financing Supporting Manufacturing Investment in Spartanburg This borrower used long‑term, fixed‑rate SBA 504 financing to purchase a...
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December 16, 2025
December CDC Borrower Spotlight
Construction Financing Manufacturing Expansion in Georgetown This small business utilized long-term, fixed-rate SBA 504 financing to build a new manufacturing...
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November 11, 2025
November CDC Borrower Spotlight
Long-Term Equipment Financing Manufacturing Growth in the Pee Dee This Florence-based manufacturer secured long-term, fixed-rate SBA 504 funding to purchase...
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October 14, 2025
October CDC Borrower Spotlight
Investing in Growth Fixed Rate, Long-Term Financing With SBA 504 assistance, this business owner built a larger dental office in...
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September 16, 2025
September CDC Borrower Spotlight
Fixed Rate, Long-Term Financing to Support Growth Expanding Capacity in the Midlands This Newberry-based manufacturer leveraged SBA 504 financing to...
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August 12, 2025
August CDC Borrower Spotlight
Competitive Fixed Rates for Long-Term Growth Fueling Expansion in the Upstate This toy wholesaler leveraged SBA 504 financing to build...
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July 11, 2025
July CDC Borrower Spotlight
SBA 504 Financing Fuels Growth Entrepreneur Expands Location in Myrtle Beach This borrower utilized 504 program assistance to construct a...
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June 10, 2025
June CDC Borrower Spotlight
West Columbia Business Secures Ownership, Strengthening Long-Term Stability Leveraging the 504 program, these borrowers secured long-term, fixed-rate financing to purchase...
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May 13, 2025
May CDC Borrower Spotlight
Owners Purchase Leased Building in Columbia Fixed Rate, Long-Term Financing These borrowers utilized the 504 program to help finance a...
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May 7, 2025
BDC & CDC Annual Meeting Bank Awards
The annual meetings for Business Development Corporation (BDC) and Certified Development Corporation (CDC) were held on May 7 at the...
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April 15, 2025
April CDC Borrower Spotlight
Owners Purchase Leased Building in the Upstate Fixed Rate, Long-Term Financing These borrowers utilized the 504 program to help finance...
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March 11, 2025
March CDC Borrower Spotlight
Fixed Rate, Long-Term Financing for Expansion Driving Growth in Summerville This experienced small business owner utilized 504 program assistance to...
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February 15, 2025
February CDC Borrower Spotlight
Event Center Relocates with SBA 504 Loan Growing in Columbia This entrepreneur utilized 504 program assistance to purchase and renovate...
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January 14, 2025
January CDC Borrower Spotlight
SBA 504 Program Helps Entrepreneur Expand Driving Growth in Columbia This experienced auto repair shop owner utilized the SBA 504...
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October 16, 2024
October CDC Borrower Spotlight
Party Equipment Rental Service uses SBA 504 Owner Purchases Leased Building in Charleston, SC This business owner utilized SBA 504 financing...
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September 24, 2024
Business Development Corporation Lands Top SBA Awards for South Carolina
Business Development Corporation (BDC) has been recognized by the U.S. Small Business Administration as the leading provider of SBA 504...
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September 10, 2024
September CDC Borrower Spotlight
Entrepreneur Expands Location in Myrtle Beach This borrower utilized 504 program assistance to construct a new building to expand her...
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August 12, 2024
August CDC Borrower Spotlight
Entrepreneur Brings Additional Location to the Upstate This owner utilized SBA 504 financing to help expand his fast food franchise...
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July 30, 2024
VentureSouth’s Charlie Banks Named to BDC Board
Charlie Banks, co-founder and Managing Director of VentureSouth, has joined the Board of Directors of Business Development Corporation (BDC)....
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July 23, 2024
Truist’s Alex Brame Named to BDC Board
Alex Brame, executive vice president and South Carolina regional president for Truist Financial Corporation, has joined the board of directors...
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July 15, 2024
July CDC Borrower Spotlight
Pet Resort – Irmo, SC Our SBA 504 financing program helped a seasoned pet lodge owner establish a luxurious new...
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June 18, 2024
June CDC Borrower Spotlight
Automotive Repair Shop – Greenville, SC This experienced small business owner utilized 504 program assistance to construct an additional location...
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May 14, 2024
May CDC Borrower Spotlight
Childcare and Preschool Center – Chapin, SC This experienced business owner utilized the SBA 504 program to assist in financing a new...
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December 19, 2023
Department of Commerce’s Chantal Fryer Named to CDC Board
Chantal Fryer, Director of Business Services at the South Carolina Department of Commerce, has been elected to the Board of...
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November 30, 2023
United Bank’s J. Huggins Named to BDC Board
M.J. "J." Huggins III, Executive Vice President and Regional President for United Bank, has joined the Board of Directors of...
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November 8, 2023
Ameris Bank’s H. Richard Sturm Named to BDC Board
H. Richard Sturm, Executive Vice President and Carolinas Bank President for Ameris Bank, has joined the Board of Directors of...
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October 31, 2023
CommunityWorks’ LaTorrie Geer Named to BDC Board
LaTorrie Geer, Chief Executive Officer of CommunityWorks, has joined the Board of Directors of Business Development Corporation (BDC). Geer joined...
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October 4, 2023
Southern First Bank’s Seaver Named to BDC Board
R. Arthur “Art” Seaver Jr., founder and Chief Executive Officer of Southern First Bank and its holding company, Southern First...
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September 26, 2023
Business Development Corporation Lands Top SBA Award for South Carolina
Business Development Corporation (BDC) has been recognized by the U.S. Small Business Administration as the leading provider of SBA 504...
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May 20, 2022
Long-Time Banker Nate Barber Moves from CDC Board to BDC Board
Veteran banker Nate Barber has been elected to the Board of Directors of Business Development Corporation of South Carolina (BDC)....
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November 11, 2021
Dominion Energy’s John A. Cadena Named to CDC Board
John A. Cadena, Manager of Economic Development and Local Affairs for Dominion Energy, has been elected to the Board of...
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October 21, 2021
First Palmetto’s Samuel R. Small Jr. Named to BDC Board
Samuel R. “Sammy” Small Jr., President and CEO of First Palmetto Financial Corporation and President of First Palmetto Bank, has...
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April 28, 2021
Business Development Corporation Lands Top SBA Awards for South Carolina
Business Development Corporation (BDC) has been recognized by the U.S. Small Business Administration as the leading provider of SBA 504...
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November 17, 2020
BDC Provides SBA Assistance to GaBBY Bows
The 14-year-old Columbia girl whose creativity with hair barrettes has turned into a successful enterprise with worldwide sales has received...
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October 13, 2019
CDC Approved for Expanded SBA Lending Authority in Georgia and North Carolina
Certified Development Corporation of South Carolina (CDC) will be able to assist far more business owners to obtain financing through...
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August 18, 2019
Florence Banker Rick Saunders Named to BDC Board of Directors
F.R. “Rick” Saunders Jr., President and CEO of First Reliance Bank in Florence, has joined the Board of Directors of...
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July 1, 2019
BDC Congratulates Alodia’s for State SBA Award
Lexington County restaurateur Adam Huneau has been named Small Business Person of the Year for 2019 by the South Carolina...
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April 30, 2019
Business Development Corporation Closes South Carolina’s First Rural Modernization Program Loan
Business Development Corporation of South Carolina (BDC) and South State Bank have assisted Carolina Metal Finishing in securing a Rural...
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August 28, 2018
Laurence S. Bolchoz Named to BDC Board
Longtime Grand Strand banker Laurence S. Bolchoz Jr. has joined the Board of Directors of Business Development Corporation (BDC). Bolchoz...
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August 21, 2018
Hobson Busby Named to BDC Board
Hobson Busby, Senior Executive Vice President and Chief Credit Officer at South State Bank in Columbia, has joined the Board...
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August 7, 2018
Peter G. Shand Named to BDC Board
Peter G. Shand has been named to the Board of Directors of Business Development Corporation (BDC), the non-bank lender he...
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August 4, 2018
R. Patrick Weston Named to BDC Board
Veteran business financier R. Patrick Weston of Greenville has joined the Board of Directors of Business Development Corporation (BDC). Weston...
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June 12, 2018
SSBCI Loan Participation Program Update
Success of South Carolina’s SSBCI Loan Participation Program Since the announcement of the SSBCI program in 2012, the SSBCI program...
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April 5, 2018
CDC Announces SBA is Now Offering a New 25-Year 504 Debenture
Now Available for 504 Projects Approved on or after April 2, 2018 The Small Business Administration (SBA) has announced the...
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