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SC
South Carolina SSBCI Loan Participation Program
Provides SSBCI-backed loan participation financing for South Carolina small businesses through partner lenders.
About this program
South Carolina's SSBCI Loan Participation Program helps small businesses obtain short- to long-term financing for growth and expansion by allowing the Business Development Corporation of South Carolina to purchase a participation in loans originated by partner lenders. The program reduces lender risk and can provide borrowers with attractive financing terms and lower down payments.
Eligibility
Eligible applicants are South Carolina small businesses seeking financing through partner lenders for eligible business growth, expansion, job creation, or job retention purposes.
Requirements
- Business must be located in South Carolina.
- Business must seek financing through a partner lender participating in the SSBCI Loan Participation Program.
- Loan proceeds must be used for eligible business purposes that support growth, expansion, job creation, or job retention.