percent Current Rates
(as of 8/27/14)

Prime Rate:  3.25%
504 Rate:  5.418%

  calculator Calculators
504 Calculator
7(a) Calculator

 

Welcome

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 specializing in the SBA 7(a) loan guaranty program.

Certified Development Corporation of SC (CDC), a sister corporation of BDC, has participated in providing financial assistance to businesses since 1994. CDC specializes in SBA 504 debenture financing — all of which are limited to the state of South Carolina.

Both BDC and CDC serve a unique role in South Carolina's economic picture, primarily by providing promising businesses a source for commercial loans not usually undertaken by traditional lending institutions.

Since 1958, BDC and CDC have approved more than 1,927 loans totaling more than $716 million, making them leaders in SBA lending in South Carolina. In 2012, BDC and CDC approved 49 SBA Loans/Debentures for more than $24 million, impacting the cities and counties of South Carolina through economic development and job creation.

Download BDC / CDC general information brochure here (PDF)