Small Business Loans

Small Business Success

We provide equitable financing to small business owners throughout South Carolina. Since our inception, we have helped over 250 small businesses receive a loan to start or grow their business.

Our goal is to make sure your business or start-up finds the right financing and training to build a sustainable enterprise that will make an economic impact in our communities. From writing a business plan to applying for a loan, we are there every step of the way to help you and your business thrive.

Our Small Business Loan Products

Express Loans

Express loans offer up to $5,000 for small businesses or startups with a fixed rate term. Along with the loan, recipients must commit to free one-on-one coaching and business training. The loan can be used for the equipment, inventory, lease improvements, or working capital necessary to start or run your business. There is no cost to apply.

Eligibility

Owners must be U.S. Citizens or Permanent Legal Residents
Business must be located in the state of South Carolina
Have one year of personal federal and state returns
Must be current on all federal/state income, payroll, and revenue taxes
Business liability insurance is required prior to closing

To Apply:

All documentation must be gathered in order to apply for a loan.

APPLY NOW

Microbusiness Loans

Microbusiness loans offer up to $50,000 for startups and existing businesses with a fixed rate term. Eligible businesses must have a business plan and two years of tax returns. The loan can be used for the equipment, inventory, lease improvements, or working capital necessary to start or run your business. There is no cost to apply.

Eligibility

Owners must be U.S. Citizens or Permanent Legal Residents
Business must be located in the state of South Carolina
Have two years of personal federal and state returns
Must be current on all federal/state income, payroll, and revenue taxes
No collections (exclusive of medical collections), charge offs, repossessions, foreclosures, bankruptcies or excessive delinquencies within previous 12 months
New businesses must have equity contribution for the project

To Apply:

All documentation must be gathered in order to apply for a loan.

APPLY NOW