Business Development Corporation of South Carolina
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Business Development Corporation of South Carolina
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 72 | $43.5M | $604K | 20.0% |
| 722511 | Full-Service Restaurants | 32 | $14.3M | $446K | 8.9% |
| 812990 | All Other Personal Services | 32 | $8.8M | $274K | 8.9% |
| 713940 | Fitness and Recreational Sports Centers | 24 | $4.6M | $190K | 6.7% |
| 312120 | Breweries | 8 | $1.9M | $235K | 2.2% |
| 811198 | All Other Automotive Repair and Maintenance | 8 | $800K | $100K | 2.2% |
| 448130 | Children's and Infants' Clothing Stores | 8 | $2.9M | $360K | 2.2% |
| 336612 | Boat Building | 8 | $2.0M | $245K | 2.2% |
| 445320 | Other | 8 | $2.3M | $290K | 2.2% |
| 621910 | Ambulance Services | 8 | $3.2M | $405K | 2.2% |
Geographic Distribution
SBA lending activity for Business Development Corporation of South Carolina by state
| State | Loans | Volume | Share |
|---|---|---|---|
| South Carolina (SC) | 296 | $95.1M | 82.2% |
| North Carolina (NC) | 24 | $11.9M | 6.7% |
| Florida (FL) | 16 | $11.8M | 4.4% |
| Georgia (GA) | 16 | $8.6M | 4.4% |
| Tennessee (TN) | 8 | $2.9M | 2.2% |
Why Choose Business Development Corporation of South Carolina?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 360 SBA loans approved, totaling $130.3M in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Full-Service Restaurants, All Other Personal Services
- ✓Competitive Terms: Average interest rate of 7.69% with flexible term lengths averaging 130 months
- ✓Loan Range: Loan sizes from $100K to $1.1M, with an average of $362K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in SC, NC, FL
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Business Development Corporation of South Carolina SBA lending
What types of businesses does Business Development Corporation of South Carolina typically finance?
Business Development Corporation of South Carolina specializes in SBA 7(a) lending to specific industries including limited-service restaurants, full-service restaurants, all other personal services, fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Business Development Corporation of South Carolina's typical SBA loan terms?
Business Development Corporation of South Carolina's SBA 7(a) loans typically feature an average interest rate of 7.69% and average term length of 130 months (approximately 11 years). Loan sizes range from $100K to $1.1M, with an average loan size of $362K.
Do I need a business valuation for a Business Development Corporation of South Carolina SBA loan?
Yes, Business Development Corporation of South Carolina typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Business Development Corporation of South Carolina compare to other SBA lenders?
Business Development Corporation of South Carolina has originated 360 SBA loans totaling $130.3M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Business Development Corporation of South Carolina lend in?
Business Development Corporation of South Carolina provides SBA 7(a) financing with particularly strong presence in SC, NC, FL, GA, TN. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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