The SC Capital Access Program (SC CAP) lending program is designed to provide financial institutions operating in South Carolina a flexible and non-bureaucratic tool to make business loans that are considered more risky than conventional loans.
The SC CAP program is ideal for small, for-profit businesses that need a quick and non-bureaucratic loan of $100,000 or less. This flexible lending program empowers businesses to grow and expand, which ultimately provides more jobs and better economic conditions in South Carolina.
The SC CAP program utilizes a reserve fund concept, which allows financial institutions the ability to make business loans that are considered higher risk than conventional loans and that may not meet conventional underwriting standards.
Businesses that may qualify for this loan program are entities that carry on a business activity for profit in South Carolina, including: