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State Small Business Credit Initiative (SSBCI)

The South Carolina Small Business Development Center (SBDC) has been selected to launch a new, no-fee program to assist the underserved business community throughout the entire state.

The State Small Business Credit Initiative (SSBCI) is a federal program, funded by the U.S. Department of the Treasury, that is designed to help SEDIs and VSBs access capital to help them start, grow, create new jobs and become sustainable in the state of South Carolina.

 

Socially and Economically Disadvantaged Individuals (SEDI) and Very Small Businesses with less than ten employees (VSB) represent an entrepreneurial population that is vastly underserved and undereducated on where and how to get funding for their business to expand operations through real estate acquisition and capital equipment purchases. 

 

The South Carolina Small Business Development Center assists this effort through its team of experienced SSBCI Business Consultants.  These consultants work confidentially, one-on-one with business owners to prepare them to secure the loan financing, whether SSBCI or other sources, they need to start and grow their businesses.

Our consultants work with clients to co-create salient business plans and financial projections that streamline the bank underwriting process, and pave the way to financing that is favorable to the growth of their business. 

SSBCI Consultants

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David Dougherty
Greenwood Area SSBCI Consultant

doughed@mailbox.sc.edu

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Joyce Black
Florence Area SSBCI Business Consultant

joyce.black@moore.sc.edu

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Richard Pilston
Greenville Area SSBCI Business Consultant

richard.pilston@moore.sc.edu

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Charlie Ebert

Charleston Area SSBCI Business Consultant

charlie.ebert@moore.sc.edu 

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Rick Vander Weele

Columbia Area SSBCI Business Consultant
rick.vanderweele@moore.sc.edu

We have access to lenders with favorable lending programs that lower the barrier to getting funding.  Favorable terms such as lower credit score and lower down payment amounts help the SEDI and VSB population get the funding they need on terms they can afford.

 

Our SSBCI Consultants are eager to assist you in three areas:

1. Financial Advice / Assistance

  • Help to write business plans and develop detailed financial projections

  • Establish relationships with lenders

  • Guidance on financial management and cash flow

  • Identify sources of credit, capital & other financing

  • Understand impediments to getting financing

  • Prepare loan applications
     

2. Accounting Services

  • Set up and utilize sound bookkeeping/accounting systems

  • Learn about accounting practices and maintaining accurate records

  • Create financial statements and other key business documents

  • Assist in reviewing and analyzing financial statements and related information
     

3. Legal Guidance

  • Learn types of business structure

  • Obtain licenses, registrations, certifications

  • Advice on preparing and executing contract documents

  • Succession planning/transfer ownership
     

Reach out today and see how we may be able to position you for business growth.

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