Building South Carolina One Business At A Time

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.

BDC and CDC continue to have successful years.  For the year ended 2007, BDC had 27 approvals representing $7,370,600 in total loan amounts.  An estimated 235 jobs were created or retained with these approvals.  For the year ended 2007, CDC had approval for 38 debentures totaling $18,330,500, representing $48,303,465 in total project costs.  An estimated 388 jobs were created or retained with these approvals.

From 1958 through 2006, the BDC and CDC have approved some 1,298 loans for $476 million making the combined entities the leading SBA lender in South Carolina.

Newsletter

Business Development Corporation recently received funding from the State in order to operate the newly enacted South Carolina Capital Access Program (SC CAP). Learn more about SC CAP and view our latest newsletter here.

January 2007 Newsletter

Coverage

View a map of our service area, by county, in South Carolina and Georgia.