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 2010, BDC had 34 approvals representing $10,080,000 in total loan amounts. An estimated 200 jobs were created or retained with these approvals. For the year ended 2010, CDC had approval for 28 debentures totaling $10,671,000, representing $48,807,595 in total project costs. An estimated 239 jobs were created or retained with these approvals.
From 1958 through 2010, the BDC and CDC have approved some 1,772 loans for $647.2 million making the combined entities among the leading SBA lenders in South Carolina.