Access the Top SBA Lending for South Carolina Small Business
South Carolina State is renowned for its charm and business friendly atmosphere making it a fertile ground for business prosperity. From Charleston to Columbia entrepreneurs have various avenues for growth and success. With access to leading SBA lending programs small businesses in South Carolina can leverage resources to drive their innovation and expansion.
South Carolina
The Palmetto State
479,314 small businesses
839,283 small business employees
Source: US SBA Office of Advocacy - 2023 Report
Up to $500K Available
8.5% as of 2/2024 | 2 weeks to fund
If you are a small business owner considering an SBA loan, we suggest doing one of two things:

See if you qualify by taking 3 minutes to fill out the Application here.

This is the fastest way to get answers about an SBA loan. It will provide us with everything needed to get an approval.
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Business Dynamic of South Carolina
Between March 2021 and March 2022, 21,778 South Carolina establishments opened and 13,074 closed, for a net increase of 8,704. Employment expanded at 33,532 establishments and contracted at 25,931. Small businesses accounted for 20,872 openings and 12,344 closings.
Establishments in South Carolina
Employment in South Carolina
Between March 2021 and March 2022, 21,778 South Carolina establishments opened and 13,074 closed, for a net increase of 8,704. Employment expanded at 33,532 establishments and contracted at 25,931. Small businesses accounted for 20,872 openings and 12,344 closings.
Source: Business Employment Dynamics (BLS)
Small Business Loans in South Carolina
The Community Reinvestment Act requires large banks to report new small business loans. In 2021, reporting banks issued $1.7 billion in loans to South Carolina businesses with revenues of $1 million or less. Total reported new lending to businesses through loans of $100,000 or less was $1.7 billion. Total reported new lending to businesses through loans of $1 million or less was $4.9 billion.
New lending to businesses with revenues under $1 million
Source: CRA Aggregate Data (FFIEC)
Industries and Employment of South Carolina's Small Businesses
Source: Business Employment Dynamics (BLS)
Business Ownership Share by Demographic in South Carolina
Business Count by Demographic in South Carolina
Total South Carolina Employement by Business Size
Small Business Employment and Payroll by Industry in South Carolina
Source: Business Employment Dynamics (BLS)