Resource Profile

Lower Savannah Council of Governments Revolving Loan Fund

LSCOG has partnered with the Catawba Regional Council of Governments to assist small businesses in obtaining financing to help them grow and expand.

The loan fund program is designed to be flexible and fill the gap between the financing available from traditional private sector lenders and the total financing need of the business. Terms and rates are tied to job creation. By sharing risk, RLF involvement helps to limit the primary lenders risk. Extended terms offered by the RLF can help improve the borrower’s cash flow, which will help improve the chances for success. August 2020, an additional $8.2 million dollars is available for low-interest loans to assist businesses and agribusinesses impacted by the COVID-19 pandemic.  This funding has been provided from the US Economic Development Administration as part of the CARES Act. SC Business Loan Fund (SCBLF) is currently accepting loan applications from businesses impacted by the COVID-19 pandemic.  Loans can range from $50, 000 to $750, 000 and are available in 29 SC counties, including Aiken, Allendale, Bamberg, Barnwell, Calhoun, and Orangeburg counties.
Requirements
Hosting Organization
No items found.
Audience
All Entrepreneurs
Venture Type
Traditional Businesses
COVID-Impacted
Agricultural Ventures
Stages
Early
Growth
Mature
Dates