Learn How to Become Lender Ready Next Week!

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South Carolina District Office

u s small business administration

Featured Events

Get Funding to Start or Grow your Small Business

Get Help with Your Prep!

The SBA, SBDC and SCORE Grand Strand are working with local Chambers of Commerce in the Myrtle Beach area to provide five workshops to assist businesses in becoming "lender ready" to seek financing, as well prepare for the upcoming Myrtle Beach Lender Matchmaker event on September 10, 2019.

Learn what lenders are looking for, how to prepare a business plan, what should be included in your financial statements and projections, and get more details about the Lender Matchmaker event.

North Myrtle Beach
Tuesday, July 30, 2019 - 8:00am EDT
North Myrtle Beach Chamber of Commerce
1521 Hwy 17 South, North Myrtle Beach, SC 29583
Register

Myrtle Beach
Tuesday, July 30, 2019 - 11:00am EDT
Myrtle Beach Area Chamber of Commerce
1200 Oak Street, Myrtle Beach, SC 29577
Register

Little River
Tuesday, July 30, 2019 - 2:00pm EDT
Little River Chamber of Commerce
440 SC 9 East, Little River, SC 29566
Register


Information Corner

Hurricane Michael Recovery.

Deadline Approaching in South Carolina for SBA Working Capital Loans

The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations that Aug. 12 is the filing deadline for federal economic injury disaster loans in Aiken, Allendale, Barnwell and Hampton counties in South Carolina as a result of Hurricane Michael on Oct. 9 – 11, 2018.

"These counties are eligible because they are contiguous to one or more primary counties in Georgia. The Small Business Administration recognizes that disasters do not usually stop at county or state lines. For that reason, counties adjacent to primary counties named in the declaration are included," said Kem Fleming, director of SBA’s Field Operations Center East in Atlanta.

Under this declaration, the SBA’s Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. With the exception of aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers, or ranchers.

The loans are for working capital and can be up to $2 million with interest rates of 3.675 percent for eligible small businesses and 2.5 percent for nonprofit organizations, and terms up to 30 years.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at Disasterloan.sba.gov.

Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to disastercustomerservice@sba.gov. Loan applications can be downloaded from the SBA’s website at sba.gov. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

Completed loan applications must be returned to SBA no later than Aug. 12, 2019.


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