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Certified Development Corporation of South Carolina

Certified Development Corporation of South Carolina
Certified Development Corporation of South Carolina

Description

Specializing in providing financing solutions for small businesses, this lender offers a range of SBA loan programs designed to support growth, expansion, and working capital needs. With a focus on the South Carolina region, it helps entrepreneurs access the funding they need to succeed. The institution is experienced in handling SBA 7(a) loans, which are ideal for a variety of business purposes including equipment purchase, real estate acquisition, and refinancing. Its team is committed to guiding clients through the application process, ensuring a smooth experience from start to finish. Whether you’re a startup or an established business, this lender provides personalized service to meet your unique financial goals. The bank’s expertise extends to supporting small businesses with flexible terms and competitive rates, making it a trusted partner in your business journey. Located at 111 Executive Center Drive in Columbia, it is well-positioned to serve the local business community and beyond.

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Q&A

Lender Type
Commercial Bank
Question 1
What is this place and what can I find here?
Answer 1
This is an SBA lender that offers financing options such as SBA 7(a) loans to small businesses. You can find assistance with funding for growth, equipment, real estate, and more, tailored to your business needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The office operates Monday through Friday from 9:00 AM to 5:00 PM, but hours may vary on holidays or by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; however, loan processing and application fees may apply depending on the loan type.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves small businesses in South Carolina, but eligibility depends on meeting loan program requirements and creditworthiness.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 640 is generally required, though higher scores improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 30 to 60 days, depending on the complexity of the application and completeness of documentation.
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