Sc Bussiness by Jordanpugh

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CAROLINA                              BUSINESS

Small Business
Start, Grow
and Succeed
 8      Getting Started in South Carolina
 20     Financing Your Business
 32     Ideas For Growing Companies

                   WWW.SBA.GOV              •   YOU R SMALL B USI N ESS R ESOU RCE
                                                                                                       ENI          150 Third Street, S.W.
                                                                                                                    Winter Haven, FL 33880-2907
                                                                                           Publishers of Small Business Resource

                                                                                            Phone: 863-294-2812 • 800-274-2812
                                                                                            Fax: 863-299-3909 •

                                       2009-2010 SOUTH CAROLINA                             President/CEO
                                                                                            Joe Jensen         

    FEATURES                                                                                English Small Business Resource Advertising
                                                                                            Nicky Harvey   

     4         Introduction                       40     Disaster Recovery
                                                                                            Martha Theriault
                                                                                            John Beward
               • 4 Welcome Letter                        There are several types of
                                                         assistance available to
               • 6 Director’s Message
                                                         qualified applicants.

     8         Getting Started                    41     Advocacy
                                                                                            SBA’s Marketing Office:
                                                                                            The Small Business Resource Guide is published
                                                         Find out about the outside         under the direction of SBA’s Office of Marketing and
               Everything you need to know
                                                                                            Customer Service.
               about setting up, marketing               research for the small business
                                                         owners.                            Director
               and managing the revenue of
                                                                                            Laura Fox  
               your business.
                                                  42     Other Sources of                   Editorial Content
                                                                                            Robert Dillier
     15        Regulations                               Chambers of Commerce can be
                                                                                            Graphic Design
               Common requirements that                  a vital resource for the small     Shellehamer
                                                         business owner.
               affect small businesses.                                                     SBA’s participation in this publication is not an
                                                                                            endorsement of the views, opinions, products or
                                                  45     Lender Listing                     services of the contractor or any advertiser or other
     20        Getting Approved                                                             participant appearing herein. All SBA programs and
                                                                                            services are extended to the public on a
               Financing Options                                                            nondiscriminatory basis.

               to Start or Grow Your Business.                                              Printed in the United States of America

                                                                                            While every reasonable effort has been made to
     32        Small Business                                                               ensure that the information contained herein was
                                                                                            accurate as of the date of publication, the information
               Training Network                                                             is subject to change without notice. Neither the
                                                                                            contractor, the federal government, or agents thereof

               Find out how and where the                                                   shall be held liable for any damages arising from the
                                                                                            use of or reliance on the information contained in this
               SBA can help your business grow.                                             publication.

     33        Contracting Opportunities
               SBA is working to ensure small
                                                   “Everything you need to know             SBA Publication # MCS-0018

                                                                                            This publication is provided under SBA Contract
               businesses obtain fair share of
                                                       about setting up, marketing          # SBAHQ05C0014.
               government contracts and                and managing the revenue of
               subcontracts with a number
               of programs.
                                                       your business.  ”

                                 Ways To Evaluate Your
                                 Strengths and Weaknesses
                                                                              Page 9
2 — Small Business Resource   SOUTH CAROLINA                                                                            Visit us online:
                                               The U.S. Small Business Administration


         merica is a country of entrepreneurs. It was                     This resource guide is your roadmap to all of our

A        built by entrepreneurs, and over the years, our
         economy has grown on the strength of our
entrepreneurs. America has an economy that
                                                                          valuable products and services. We hope that you’ll
                                                                          read it closely; the SBA team has worked hard to
                                                                          ensure the information here is useful and up to date.
regenerates, is flexible, and adapts to opportunity.                      In addition, we encourage you to visit your local SBA
And this is due in large part to the entrepreneurial                      District Office, which is a great portal to SBA
spirit and drive of small business owners like you.                       assistance and can help you start and grow your
The U.S. Small Business Administration plays a vital
role in enabling America’s entrepreneurs and small                        Entrepreneurs and small business owners will
business owners. Some of America’s corporate icons,                       continue to drive our economy, and the SBA and our
in fact, received some help from SBA along the way –                      network of resource partners will continue to enable
companies like Intel, Apple, Staples, FedEx, Nike, and                    their success. In the pages of this resource guide, you’ll
Under Armour, to name a few.                                              be able to find important information about all of the
                                                                          products and services that the SBA offers to help you.
Through our wide array of services – loan guaranties,
assistance for small businesses in federal contracting,                   Running your own business is challenging: the hours
and business counseling – the SBA has helped                              are long and the demands are high. But it is also
millions of entrepreneurs start and grow their small                      rewarding. As you work to realize your small business
businesses. The agency continues to expand our                            dreams, we hope that you’ll keep in mind all that SBA
support for small businesses. We currently guarantee                      can offer, and let us help you succeed.
more than $75 billion in loans and investments; our
resource partners’ network of more than 1,500 centers
provide counseling to more than 1 million
entrepreneurs every year; and we helped small
businesses secure close to $80 billion in prime federal

   About the SBA
   Your Small Business Resource
   Every day, the U.S. Small Business Administration and its nationwide      • Growing a Business
   network of partners help millions of potential and current small          • Opportunities in Contracting
   business owners start, grow and succeed.                                  • Recovering From Disaster
                                                                             • A Voice for Small Business in Government
   Resources and programs targeting small businesses provide an
   advantage necessary to help small businesses effectively compete in    Visit SBA online at for 24/7 access to small business
   the marketplace and strengthen the overall U.S. economy.               news, information and training for entrepreneurs.

   SBA offers help in the following areas:                                All SBA programs and services are provided on a nondiscriminatory
     • Starting a Business                                                basis.
     • Financing a Business

4 — Small Business Resource   SOUTH CAROLINA                                                                              Visit us online:
                                                                              Rules For Success
                                                   Message From The District Director

SBA Staff Listing                                                               SBA: Helping small businesses survive the tough economy

District Director          Business Development
Elliott O. Cooper          Specialist:
803-765-5339               Public Information     Anna Huntley
                                                             t is said that America’s small
                                                                                                        • Expanding Small Business Investment

                                                             businesses – about 25 million strong –
                                                                                                          Companies; and
Deputy District Director
                                                                                                        • Raising the SBA-backed surety bond
                                                             are the backbone of the American
Theresa B. Singleton
                                                                                                          maximum to $5 million, more than
                                                             economy, creating jobs and
803-253-3121              Lender Relations
                                                                                                          double the previous $2 million Specialist
                                                             generating more innovation than big
                          Lois Johnson
                                                   firms. But times are tough, and our nation         During these tough economic times, the SBA’s
District Counsel          803-253-3360

                                                   needs its small businesses now more than ever.     South Carolina staff is working hard to get our
Dale Lowder     

                                                   To help the nation’s small businesses, the         state’s small firms the help they need to not only
803-765-5903 Business Development
                          Specialist:              American Recovery and Reinvestment Act has         to survive, but also to thrive.
                                                   allocated $730 million to the Small Business
Senior Area Manager:      Lender Relations

                                                   Administration to help jump-start job creation     That’s where the Small Business Resource
Alternate Worksite        Gail Newton

                                                   and re-start lending.                              Guide comes in. Within these pages, you will
Paul Thomas               803-765-5225

                                                                                                      find information on all of SBA’s programs and

                                                                                                      services, including financial assistance, small
                                                   And our state has not been forgotten. Here in
                                                                                                      business counseling, and help with government
                          8(a) Business
Program Support           Development Program      South Carolina, the state’s 352,359 small
Assistant                 Coordinator
                                                   businesses represent more than 97 percent of       contracts. You’ll also find practical information
Floyd Bryant              John “Mike” O’Neill
                                                   the state’s employers and employ 50 percent of     on starting, managing and growing a small
                                                   the state’s private sector workforce. Through      business, as well as a ready reference of
803-765-5907              803-253-3116

                                                   the funds allocated to SBA, South Carolina         participating lenders, counselors and resources

                                                   small businesses can share in the                  in your community. Add in the power of the
                                                                                                      electronic age with SBA’s comprehensive Web
Business Development       Business Development
                                                   Administration’s recovery efforts.
                                                                                                      site,, and our South Carolina Web
Specialist:                Specialist:
Resource Partner Liaison   8(a) Business
Susan Chavis               Development
                                                   Through the 2009 calendar year, the Recovery       site at, and you have the tools
803-765-5373               Clarissa Peak
                                                   Act takes a comprehensive approach to several      you need to find small business success in tough
                                                   problems facing small Business today by:           economic times and beyond.       803-253-3018

                                                                                                      Our local staff is always happy to assist you, so
                                                     • Supporting loan guarantees of up to 90

                                                                                                      feel free to call us with any questions. We thank
                                                       percent on almost all of the SBA’s basic
                                                       lending programs;
                                                     • Temporarily eliminating borrower               you for contacting the SBA and for allowing us
                                                       guaranty fees;
                                                                                                      to serve you.
                                                     • Authorizing SBA to use its 504 fixed
We Welcome Your                                        asset financing program to refinance
Questions                                              existing fixed asset loans as part of a        Sincerely,
                                                       business expansion project to help small
For extra copies of this publication or                companies get better rates;
questions please contact:                            • Creating a temporary new SBA
                                                       program called the American Recovery
                                                       Capital, or ARC, stabilization loan,
South Carolina District Office                                                                        Elliott O. Cooper
                                                       which offers deferred-payment loans of
1835 Assembly Street, Suite 1425                       up to $35,000 that are backed 100
Columbia, SC 29201                                                                                    District Director of
                                                       percent by the SBA to viable small
                                                                                                      SBA's South Carolina District Office
                                                       businesses that need help making
Tel.: 803-765-5377 Fax: 803-765-5962                   payments on qualifying existing loans
                                                       for up to six months;

6 — Small Business Resource   SOUTH CAROLINA                                                                                 Visit us online:
  Doing Business in South Carolina
                                                                                                                The SBA helps business
                                                                                                                owners grow and expand
                                                                                                                their businesses every day.
                                                                                                                • Special audience representatives:

                                                                                                                   Women's      Business Ownership
                                                                                                                   Representative --
                                                                                                                   Susan Chavis: 803-765-5373 or

                                                                                                                   Veterans Affairs Officer --
                                                                                                                   Paul Thomas: 843-225-7430 or e-mail:

                                                                                                              IMPORTANT BUSINESS EVENTS
                                                                                                              YOU CAN’T MISS

THE SOUTH CAROLINA DISTRICT OFFICE                       SERVICES AVAILABLE                     SBA Small Business Resource Day:
The South Carolina District Office is                     • Financial assistance for new or Third Wednesday of every other month,
responsible for the delivery of SBA's many                  existing businesses through guaran- South Carolina District Office
programs and services. The District                         teed loans made by area bank and Call 803-765-5377 to register.
                                                            non-bank lenders;
Director is Elliott O. Cooper. The District
Office is located at 1835 Assembly Street,                                                                    SBA Small Business Awards:
                                                          • Seminars and free small business
Suite 1425, Columbia, SC. Office hours are                  counseling through SCORE, Small                   Nominations due in late fall;
from 8:00 AM until 4:30 PM, Monday                          Business Development Centers                      awards ceremony in spring.
through Friday.                                             (SBDC) and Women's Business                       Call Anna Huntley at 803-253-3753
                                                            Centers (WBC);                                    for more information
                                                          • Special loan programs for businesses
DISTRICT OFFICE                                             involved in international trade;
For program and service information,
please contact the South Carolina District                • Contracting assistance to businesses
Office at 803-765-5377. If you are in the                   owned and controlled by socially and
Lowcountry or on the coast, you may call                    economically disadvantaged individ-
the Alternate Worksite in Charleston at                     uals through Business Development
843-225-7430.                                               Programs;

                                  SUCCESS STORY hottheir saucesguidance andofstartedfavorite bottles
                                                         The Riffles called the manufacturer of a favorite    The loan provided much needed working capital
                                                     sauce for                       giving                   during the Christmas season, their busiest time,
                                                of              to members their             bands.           allowing them to make larger batches of hot sauce
                                  Palmetto Pepper        In fall 2004, Palmetto Pepper Potions officially     and to restock sold-out stores all over the country.
                                  Potions                launched its first flavor, Molten Golden. Soon
                                                         after, Molten Golden won a Scovie award – the        Julie and Mark have worked hard to create and
                                  Julie Riffle, CEO &    Oscars of hot sauces – taking top honors in its      maintain their successful small business. “As
                                  Potionologist          category among 600 entries. In March 2007,           with any small business, you have to wear many
                                  Mark Riffle, CFO &     Palmetto Pepper Potions garnered its first big       hats (including one covered with giant chile
                                  Hot Honcho             distributor when its sauces were picked up by        peppers, in the case of the Hot Honcho) so you
                                                         Whole Foods Markets across the South.                constantly must handle marketing, bookkeeping,
 When a friend passed along some extra chile
                                                                                                              inventory, shipping, distribution, production,
 pepper seeds in 1997, Columbia area couple Julie
                                                         In December 2007, Julie and Mark applied for and     networking, sales and other roles,” Julie says.
 and Mark Riffle planted them in the backyard.
                                                         received an SBA Community Express loan. Julie
 That summer, they watched their yard transform
                                                         and Mark had been daunted by the loan process        Now, Pepper Potions sauces can be found in
 into a pepper field.
                                                         with traditional lenders, who tend to be             specialty food stores throughout the nation and
                                                         uncomfortable with both specialty products and       beyond… and even at the bottom of the ocean in
 Mark was a spice fanatic, while Julie was, says
                                                         newer small businesses. But the loan process         the world’s only underwater habitat. In 2009, the
 Mark, a “master in the kitchen.” To satisfy her
                                                         turned out to be easy – not at all what they had     company began working with a new gourmet
 husband’s taste buds, Julie started concocting
                                                         anticipated.                                         foods distributor and anticipates soon getting
 spicy sauces with the surplus peppers, adding in
                                                                                                              products into new stores. Palmetto Pepper
 citrus fruits from her parents’ Florida garden.
                                                         “Attracting interest from distributors is exciting   Potions have made several appearances on the
                                                         and can accelerate the number of stores that carry   Food Network and picked up a total of 12
 Helped along by hot sauce parties hosted by the
                                                         your products very quickly. You've got to            awards… not bad for a company that will be
 Riffles, word quickly spread about the pungent
                                                         demonstrate your ability to fill big orders          celebrating its fifth year in September 2009.
 potions. Soon, friends and family started
                                                         promptly to earn their business,” says Julie. “The
 clamoring for more. And so in 2001, Julie and
                                                         Community Express loan has allowed us to do
 Mark used some of an inheritance to explore
 commercial production possibilities. The seed of
 Palmetto Pepper Potions was planted.

Visit us online:                                                                                      SOUTH CAROLINA Small Business Resource —   7

                          GETTING STARTED
                    The SBA Can Help You Start And Expand Your Own Business
                                                                                               selors with clients in need of expert advice.
                                                                                               SCORE has experts in virtually every area
                                                                                               of business management and maintains a
                                                                                               national skills roster to help identify the
                                                                                               best counselor for a particular client.
                                                                                               Volunteer counselors, whose collective
                                                                                               experience spans the full range of
                                                                                               American       enterprise,     share      their
                                                                                               management and technical expertise with
                                                                                               both current and prospective small
                                                                                               business owners.
                                                                                                  Most SCORE volunteers are retired
                                                                                               business owners or managers, though
                                                                                               some members are still actively employed.
                                                                                               Volunteers work in or near their home
                                                                                               communities providing management
                                                                                               counseling and training to first-time
             very day, the U.S. Small        and     choose

                                                                                               entrepreneurs and current small business
             Business Administration and its   “Women’s Business Centers from the              owners. They meet with clients at a SCORE
             nationwide network of resource    “Counseling & Assistance” heading at the        chapter office, an SBA office or at the client's
             partners help millions of         bottom.                                         place of business.
             potential and current small          These professionals can also help with          Every effort is made to match a client's
business owners start, grow and succeed.       writing a formal business plan, locating        needs with a counselor who is experienced
   Whether your target market is global or     sources of financial assistance, managing       in a comparable line of business. All
just your neighborhood, the SBA and its        and expanding your business, finding            individual and team counseling is free;
resource partners can help at every stage of   opportunities to sell your goods or services    there may be a nominal fee for workshops
turning your entrepreneurial dream into a      to the government, recovering from              and seminars.
thriving business.                             disaster or acting as advocates for small          Through in-depth counseling and
   If you’re just starting, the SBA and its    businesses with Congress and regulatory         training,    SCORE       volunteers        help
resources can help you with loans and          agencies.                                       prospective and established small business
business management skills. If you’re                                                          owners and managers identify problems,
                                                                                               determine the causes and find solutions.
already in business, you can use the SBA’s
resources to help manage and expand your
                                               SBA’S RESOURCE PARTNERS                            Any small business can obtain help from
business, obtain government contracts,         SCORE                                           SCORE. Whether you are considering
                                                                                               starting your own business, have a
recover from disaster, and have your voice     SCORE is a 10,500-member volunteer
heard in the federal government.                                                               business that is experiencing problems, are
                                               nonprofit association which operates under
   You can access SBA help online 24 hours                                                     ready to expand, or need some other type
                                               cooperative agreement with the U.S. Small
a day at or visit one of our                                                       of advice, SCORE can help. The approach is
                                               Business Administration. SCORE, with
local offices for assistance.                                                                  confidential and personal. You don't need
                                               more than 40 years experience helping
                                                                                               to be applying for or have an SBA loan to
                                               small businesses succeed, matches
Where To Go To Get Started                                                                     participate in the program. In fact, an idea
                                               volunteer business-management coun-
   Our resources include the SBA’s district                                                    is all that is necessary; consultation and
offices serving every state and territory,
nearly 400 chapters of SCORE – Counselors
                                                                                          • You get to be your own boss.
to America’s Small Businesses, 885 Small
Business Development Centers and                                                          • Hard work and long hours directly benefit you, rather
approximately 114 Women’s Business                ON THE UPSIDE                             than increasing profits for someone else.
Centers located across the country. More                                                  • A new venture is exciting.
information about SCORE, SBDCs and the            It’s true, there are a lot of reasons
                                                  not to start your own business. But
WBCs is detailed later in this publication,                                               • Earnings and growth potential are far less limited.
                                                  for the right person, the advantages
or you can click on,
                                                  of business ownership far outweigh      • Running a business will provide endless          the risks.                                variety, challenge and opportunities to learn.
sbdc/index.html     for    SBDCs      or

8 — Small Business Resource   SOUTH CAROLINA                                                                                Visit us online:
                                           counseling before a business start-up is an    business education network of 63 lead
   EVALUATE                                important part of SCORE's service.
                                           SCORE can also be found on the Internet at
                                                                                          centers and 885 service-center locations
                                                                                          contracted to manage a broad-based SBDC
                                  The Internet makes it           program. SBDCs are located throughout
   Start by evaluating your                possible to reach more small business
                                           clients with online mentoring and
                                                                                          the U.S., District of Columbia, Guam,
                                                                                          American Samoa, Puerto Rico and the U.S.
   strengths and weaknesses                counseling.                                    Virgin Islands.
                                                                                             For more information, visit the Web site
                                              Business owners use the Web to fulfill
                                           their needs for information and advice.        at:
                                           SCORE is primed to meet their requests for     sbdc/ index.html.
                                           help by offering e-mail counseling, maps to
                                                                                          RESOURCES BY CITY LISTING
                                           local SCORE chapters, hotlinks to other
   1. Are you a self-starter?              business resources on the Internet and         AIKEN
      It will be up to you – not           more at the click of a mouse. E-mail
      someone else telling you – to        counseling is provided by the Cyber-           SCORE
      develop projects, organize your      chapter, which now includes more than          South Central Region Chapter
                                           1,200 online members. You can choose from         Aiken Chamber
      time and follow through on                                                             121 Richland Ave. E.
                                           almost 800 unique skills to find the
      details.                                                                               Aiken, SC 29801
                                           cybercounselor who best suits your                803-641-1111
                                           individual needs, including special     
   2. How well do you get along            counseling for veterans, service-disabled
      with different personalities?        veterans and Reserve component
      Business owners need to develop      members. SCORE also offers more than 30        Small Business Development Center
                                                                                             USC Aiken School of Business
      working relationships with a         online training workshops on topics for           471 University Pkwy.
      variety of people including          small businesses. Log on to SCORE's               Aiken, SC 29801
                                           Internet site at to take            803-641-3646
      customers, vendors, staff,
                                           advantage of the many services SCORE has
      bankers, lawyers, accountants and    to offer your business.                 
      consultants. Can you deal with a                                                       Reka Mosteller, Area Manager
      demanding client, an unreliable
      vendor or a cranky staff person?
                                           SMALL BUSINESS                                 ANDERSON
                                           DEVELOPMENT CENTERS                            SCORE
   3. How good are you at making              Small Business Development Centers          Piedmont Chapter
                                           meet the needs of small businesses and            Tri-County Community College
      decisions?                                                                             511 Michelin Blvd.
                                           promote economic development in local
      Small business owners are            communities by helping to create and
                                                                                             Anderson, SC 29625
      required to make decisions           retain jobs. Partially funded by a      
      constantly, often quickly, under     cooperative agreement with SBA, SBDC’s  
      pressure.                            goals are focused on providing long-term
                                           counseling to clients to help them grow        BEAUFORT
                                           successful businesses. The SBDC network
   4. Do you have the physical and         provides counseling and training to more       SCORE
      emotional stamina to run a           than 550,000 existing businesses or start-up   Carolina Lowcountry Chapter
                                                                                             2348 Boundary St.
      business?                            business clients annually.                        Beaufort, SC 29902
      Business ownership can be               SBDCs assist with development of               843-470-0800
      challenging, fun and exciting. But   business plans, provide manufacturing,  
                                           financial packaging, contracting and    
      it’s also a lot of hard work. Can
                                           international trade assistance. Special
      you face 12-hour workdays six or     emphasis areas include e-commerce,             Small Business Development Center
      seven days a week?                   technology transfer, IRS, EPA and OSHA            USC Beaufort – North Campus
                                           regulatory compliance, research and               Sandstone Bldg., Ste. 124E
                                                                                             801 Carteret St.
   5. How well do you plan and             development, Defense Economic Transition          Beaufort, SC 29902
      organize?                            Assistance, disaster recovery assistance and      843-521-4143
                                           market research. SBDCs also provide     
      Research indicates many              special assistance to veterans and help with
      business failures could have been    energy efficiency under new program               Martin Goodman, Area Manager
      avoided through better planning.     initiatives. Based on client needs, SBDCs
                                           tailor their services to meet the evolving     CAMDEN
      Good organization – of financials,
      inventory, schedules, production     needs of the local small business
                                           community.                                     Midlands Chapter
      – can help avoid pitfalls.
                                              SBDCs deliver management and                   803-765-5131
                                           technical assistance to prospective and 
                                           existing small businesses using an effective

Visit us online:                                                                 SOUTH CAROLINA Small Business Resource —   9
CHAPIN                                            COLUMBIA                                         Small Business Development Center
                                                                                                      Florence/Darlington Tech. College
SCORE                                             SCORE                                               Florence, SC 29501
Midlands Chapter                                  Midlands Chapter                                    843-661-8256
    Chapin Chamber                                   Greater Columbia Chamber               
    302 Columbia Ave.                                930 Richland St.                       
    Chapin, SC 29036                                 Columbia, SC 29201                               Mike Bell, Area Manager
    803-345-1100                                     803-765-5131                                         GEORGETOWN                  
CHARLESTON                                        Northeast Office                                    Georgetown County Chamber
                                                     Village at Sandhill                              531 Front St.
SCORE                                                110-10 Forum Dr.                                 Georgetown, SC 29440
Coastal Chapter                                      Columbia, SC 29224                               843-918-1079
    Charleston Metro Chamber                         803-765-5131                           
    2750 Speissegger Dr., Ste. 100                          
    North Charleston, SC 29405             
                                                  Small Business Development Center                GREENVILLE
                                                     1225 Laurel St.
                                                     Columbia, SC 29201
                                                                                                   Piedmont Chapter 232
Small Business Development Center          
                                                                                                      300 East Washington St., Rm. B-31
    5900 Core Dr., Ste. 104                                                                           Greenville, SC 29601
    North Charleston, SC 29406                                                                        864-271-3638
                                                     Bob Pettit, Area Manager
    843-740-6160                                                                                               South Carolina Business Initiative                          (Formerly the S.C. Women’s Business Center)
    Tom Lauria, Area Manager                         1225 Laurel St., Ste. 207                     Small Business Development Center
                                                     Columbia, SC 29201                               135 S. Main St., Ste. 600
    (Note: Citadel office opening soon)              803-461-8900                                     Greenville, SC 29607
South Carolina Business Initiative                                   
    (Formerly the S.C. Women’s Business Center)           
    5900 Core Dr., Ste. 104                          Haidee Stith, Executive Director                 Scott Whelchel, Area Manager
    Charleston, SC 29406
    843-740-6160                                  CONWAY                                           South Carolina Business Initiative                                                                                 (Formerly the S.C. Women’s Business Center)                                 SCORE                                               Buck Mickel Center, Suite 283
    Mimi Scharf, Consultant                          Conway Area Chamber                              Greenville Technical College
                                                     203 Main St.                                     216 S. Pleasantburg Dr.
SBA Alternate Worksite                               Conway, SC 29526                                 Greenville, Sc 29607
    5900 Core Dr., Ste. 403                          843-918-1079                                     864-288-5687 ext. 213
    North Charleston, SC 29406                                    
    Paul Thomas, Senior Area Manager              DARLINGTON                                          Bernell King Ingram, Business Consultant

CLEMSON                                           South Carolina Business Initiative               GREENWOOD
                                                     (Formerly the S.C. Women’s Business Center)
Small Business Development Center                    410 Pearl Street                              SCORE
    Clemson University                                                                             Piedmont Chapter 232
                                                     Darlington, SC 29532
    425 Sirrine Hall                                                                                  Piedmont Technical College
                                                     843-843-4000 ext. 104
    Clemson, SC 29634                                                                                 620 N. Emerald Rd.
    864-656-3227                                                                                      Greenwood, SC 29648
                                                     Karen Carroll, Consultant/Microenterprise
    Ben Smith, Area Manager                                                                 
    Jill Burroughs, Regional Director
                                                  FLORENCE                                         Small Business Development Center
                                                                                                      Lander University
                                                  SCORE                                               320 Stanley Ave.
                                                     Greater Florence Chamber                         Greenwood, SC 29649
                                                     610 W. Palmetto St.                              864-354-4182
                                                     Florence, SC 29503                     
       For ALL Your Franchising                                       Mickey Conway, Area Manager
       Go To:

10 — Small Business Resource   SOUTH CAROLINA                                                                            Visit us online:
HARTSVILLE                                                                                           SPARTANBURG
     Hartsville Chamber
                                                     WEBSITE                                         SCORE
                                                                                                         Spartanburg Chamber of Commerce
     214 N. 5th St.                                   Business plan help                                 105 N. Pine St.
     Hartsville, SC 29550                                                                                Spartanburg, SC 29302
     843-332-6401                               The nearest SCORE chapter can be                         864-594-5000                     located at:                                           For business plan help at the SCORE Web        
                                                site, click on “Business Tools” from the left-hand
HILTON HEAD                                     menu, then click on “Template Gallery.”              Small Business Development Center
                                                                                                         142 S. Dean St., Ste. 216
SCORE                                                                                                    Spartanburg, SC 29302
Carolina Lowcountry Chapter                     You can find the           nearest    VBOC     at:       864-316-9162
     Hilton Head Island-Bluffton                                    
     Chamber of Commerce                                                                       
     1 Chamber of Commerce Dr.                  To find WBCs, click on:            David Tinsley, Area Manager
     Hilton Head Island, SC 29926               and choose “Women’s Business Centers” from the
     843-785-7107                               “Counseling and Assistance” heading at the           SUMMERVILLE                 bottom.                                                                         SCORE
                                                You can also find business-plan help on the SBA’s    Coastal Chapter
Small Business Development Center                                                                        Summerville Chamber of Commerce
     USC Beaufort – South Campus
                                                Web site at:                                             402 N. Main St.
     One University Blvd.                              Summerville, SC 29483
     Bluffton, SC 29909                         then choose “Writing a Business Plan” from the           843-873-2931
     843-208-8259                               “Plan Your Business” menu along the bottom.                                                                                NORTH AUGUSTA
     Pat Cameron, Business Consultant                                                                SUMTER
LEXINGTON                                       SCORE
                                                    North Augusta Chamber
SCORE                                               406 West Ave.                                        803-775-1231
     803-359-6113                                   North Augusta, SC 29841                                              803-279-2323                               
MONCKS CORNER                                                                                        Small Business Development Center
                                                ORANGEBURG                                               USC-Sumter
SCORE                                                                                                    200 Miller Rd.
Coastal Chapter                                 SCORE                                                    Sumter, SC 29150
     Moncks Corner/Berkeley County                                                                       803-938-3833
                                                    Orangeburg Chamber
                                                    1570 John C. Calhoun Dr.                                                                         
                                                    Orangeburg, SC 29116                                                                                    Jim Giffin, Business Consultant
MYRTLE BEACH                              
                                                                      WOMEN’S BUSINESS
Grand Strand Chapter
     605 10th Ave. N.
                                                Small Business Development Center                    CENTERS
                                                    South Carolina State University
     Myrtle Beach, SC 29577                                                                             The SBA’s Women Business Centers are a
                                                    300 College St.
     843-918-1079                                   Orangeburg, SC 29117                             nationwide network of 114 community-                               803-536-8445                                     based centers that provide business                                                      training, counseling, mentoring and other
Small Business Development Center                                         assistance geared to women, particularly
     Coastal Carolina University                    John Goodwin, Area Manager                       those who are socially and economically
     Wall Bldg. 323F                                                                                 disadvantaged. To meet the needs of
     Conway, SC 29528                           ROCK HILL
                                                                                                     women entrepreneurs, the WBCs offer their
     843-349-4010                                                                                    services at convenient times and locations.                       Small Business Development Ctr.
                                                    Winthrop University                              Some offer child care during training and
     Janet Graham, Area Manager                     118 Thurmond Bldg.                               many provide assistance and materials in
                                                    Rock Hill, SC 29733                              different languages, depending on the
NEWBERRY                                            803-323-2283                                     needs of the individual communities they
Small Business Development Center                             serve. Classes are either free or offered at a
     Newberry College                               Larry Stevens, Area Manager/Regional             small fee, and scholarships are often
     2100 College St.                               Director                                         available to those who need them. A
     Newberry, SC 29108                                                                              number of WBCs also provide courses and
     803-321-5689                                                                                    counseling via the Internet, mobile                                                                       classrooms and satellite locations.
     Aimee Talbot, Business Consultant

Visit us online:                                                                           SOUTH CAROLINA Small Business Resource —   11
  Both SBA district offices and women’s               • How well do you plan and organize?            planner/start/ and click on “Buy a
business centers often offer mentoring                  Research indicates that poor planning is      Franchise” from the menu on the right side
roundtables. If there is not an existing                responsible for most business failures.       or call your local SBA office.
                                                        Good organization — of financials,
roundtable nearby, women’s business
                                                        inventory, schedules, and production —
centers may be able to help women
entrepreneurs set them up.
                                                        can help you avoid many pitfalls.
                                                      • Is your drive strong enough? Running a
                                                                                                      HOME-BASED BUSINESSES
  To find the nearest SBA women’s                       business can wear you down emotionally.
                                                                                                         Going to work used to mean traveling
business ownership representative or                    Some business owners burn out quickly         from home to a plant, store or office. Today
women’s business center, and to learn more              from having to carry all the responsibility   many people do some or all their work at
about SBA programs and services, visit the              for the success of their business on their    home.
                                                        own shoulders. Strong motivation will            Garages, basements and attics are being
Office of Women’s Business Ownership at
                                                        help you survive slowdowns and periods        transformed      into     the      corporate                                      of burnout.                                   headquarters of the newest entrepreneurs –
                                                      • How will the business affect your
                                                                                                      home-based business owners.
ARE YOU RIGHT FOR SMALL                                 family? The first few years of business
                                                        start-up can be hard on family life. It's
BUSINESS OWNERSHIP?                                     important for family members to know          Getting Started
                                                                                                          Before diving headfirst into a home-
   Most new business owners who succeed                 what to expect and for you to be able to
                                                        trust that they will support you during       based business, you must know why you
have planned for every phase of their
                                                        this time. There also may be financial        are doing it. To succeed, your business
success. Thomas Edison, the great                       difficulties until the business becomes       must be based on something greater than a
American inventor, once said, “Genius is 1              profitable, which could take months or        desire to be your own boss. You must plan
percent inspiration and 99 percent                      years. You may have to adjust to a lower
perspiration.” That same philosophy also                                                              and make improvements and adjustments
                                                        standard of living or put family assets at
applies to starting a business.                         risk in the short-term.                       along the road.
   First, you’ll need to generate a little bit of     Once you’ve answered those questions,               Ask yourself these questions – and
perspiration deciding whether you’re the            you should consider what type of business         remember, there are no best or right reasons
right type of person to start your own              you want to start.                                for starting a home-based business. But it is
business.                                                                                             important to understand what the venture
                                                    FRANCHISING                                           Working under the same roof where
IS ENTREPRENEURSHIP FOR                                There are more than 3,000 franchised           your family lives may not prove to be as
YOU?                                                businesses. The challenge is to decide on
                                                    one that both interests you and is a good
                                                                                                      easy as it seems. It’s important to work in a
                                                                                                      professional environment. One suggestion
   In business, there are no guarantees.
                                                    investment. Many franchising experts              is to set up a separate office in your home to
There is simply no way to eliminate all the
                                                    suggest that you comparison shop by               create this professional environment.
risks associated with starting a small
business - but you can improve your                 looking at multiple franchise opportunities
chances of success with good planning,              before deciding on the one that's right for       Ask yourself:
                                                    you.                                                • Can I switch from home responsibilities
preparation, and insight. Start by
                                                                                                          to business work?
evaluating your strengths and weaknesses               Some of the things you should look at
                                                                                                        • Do I have the self-discipline to maintain
as a potential owner and manager of a               when evaluating a franchise: profitability,           schedules?
small business. Carefully consider each of          effective financial management and other            • Can I deal with the isolation of working
the following questions:                            controls, a good image, integrity and                 from home?
  • Are you a self-starter? It will be entirely     commitment, and a successful industry.              • Am I a self-starter?
    up to you to develop projects, organize            In the simplest form of franchising, while
    your time, and follow through on details.                                                         Finding Your Niche
                                                    you own the business, its operation is
  • How well do you get along with
    different       personalities? Business         governed by the terms of the franchise              Choosing a home business must be
    owners need to develop working                  agreement. For many, this is the chief            approached carefully.
    relationships with a variety of people          benefit for franchising. You are able to
    including customers, vendors, staff,            capitalize on a business format, trade name,      Ask yourself:
    bankers, and professionals such as              trademark and/or support system                     • Does my home have the space for a
    lawyers, accountants, or consultants. Can       provided by the franchisor. But you operate           business?
    you deal with a demanding client, an                                                                • Can I identify and describe the business I
                                                    as an independent contractor with the
    unreliable vendor, or a cranky                                                                        want to establish?
    receptionist if your business interests
                                                    ability to make a profit or sustain a loss          • Can I identify my business product or
    demand it?                                      commensurate with your ownership.                     service?
  • How good are you at making                         If you are concerned about the risk              • Is there a demand for that product or
    decisions? Small business owners are            involved in a new, independent business               service?
    required to make decisions constantly -         venture, then franchising may be the best           • Can I successfully run the business from
    often quickly, independently, and under         business option for you. Remember that                home?
    pressure.                                       hard work, dedication and sacrifice are key
  • Do you have the physical and
                                                    elements in the success of any business           Legal Requirements
    emotional stamina to run a business?                                                                 A home-based business is subject to
    Business ownership can be exciting, but         venture, including franchising.
                                                       For more information visit the SBA Web         many of the same laws and regulations
    it's also a lot of work. Can you face six or
    seven 12–hour workdays every week?              site at:         affecting other businesses.

12 — Small Business Resource   SOUTH CAROLINA                                                                               Visit us online:
Some general areas include:                     milestones for the business. It begins as a         • Provide projected income statements, and
   • Zoning regulations. If your business       pre-assessment tool to determine                      balance sheets for a two-year period.
     operates in violation of them, you could   profitability and market share, then                • Discuss your break-even point.
     be fined or shut down.                     expands as an in-business assessment tool           • Explain your personal balance sheet and
   • Product restrictions. Certain products     to determine success, obtain financing and            method of compensation.
     cannot be produced in the home. Most       determine repayment ability, among other            • Discuss who will maintain your
     states outlaw home production of           factors.                                              accounting records and how they will be
     fireworks, drugs, poisons, explosives,                                                           kept.
                                                   Creating a comprehensive business plan
     sanitary or medical products and toys.                                                         • Provide “what if” statements addressing
                                                can be a long process, and you need good
     Some states also prohibit home-based                                                             alternative approaches to potential
                                                advice. The SBA and its resource partners,            problems.
     businesses from making food, drink or
                                                including Small Business Development
                                                Center, Veterans Business Outreach
   Be sure to consult an attorney and your      Centers, SCORE and Women’s Business
local, city and state departments of labor to                                                       • Explain how the business will be
                                                Centers, have the expertise to help you craft         managed day-to-day.
find out which laws and regulations will        a winning business plan.                            • Discuss hiring and personnel procedures.
affect your business. Additionally, check on       In general, a good business plan                 • Discuss insurance, lease or rent
registration and accounting requirements        contains:                                             agreements, and issues pertinent to your
needed to open your home-based business.                                                              business.
 You may need a work certificate or license     Introduction                                        • Account for the equipment necessary to
                                                  • Give a detailed description of the                produce your goods or services.
from the state. Your business name may
                                                    business and its goals.                         • Account for production and delivery of
need to be registered with the state. A           • Discuss ownership of the business and its         products and services.
separate business telephone and bank                legal structure.
account are good business practices.              • List the skills and experience you bring to
   Also remember, if you have employees             the business.                                 Concluding Statement
                                                  • Discuss the advantages you and your              Summarize your business goals and
you are responsible for withholding                                                               objectives and express your commitment
                                                    business have over competitors.
income and social-security taxes, and for                                                         to the success of your business. Once you
complying with minimum wage and                                                                   have completed your business plan,
employee health and safety laws.
                                                  • Discuss the products and services your        review it with a friend or business
   If you’re convinced that working from            company will offer.                           associate and professional business
home is for you, it’s time to create your         • Identify customer demand for your             counselor like SCORE or SBDC
business plan. The SBA and its resource             products and services.                        representatives, SBA district office
partners, such as SCORE, SBDCs and                • Identify your market, its size and            business development specialists or
WBCs can help make the process easier.              locations.                                    Veterans      Business      Development
                                                  • Explain how your products and services        specialists.
                                                    will be advertised and marketed.                 Remember, the business plan is a flexible
                                                  • Explain your pricing strategy.                document that should change as your
WRITING A BUSINESS PLAN                                                                           business grows.
  After you’ve thought about what type of       Financial Management
business you want, the next step is to            • Develop an expected return on
develop a business plan. Think of the               investment and monthly cash flow for the
business plan as a roadmap with                     first year.

Visit us online:                                                                       SOUTH CAROLINA Small Business Resource —   13
REACHING UNDERSERVED                            banking, finance and business. Within the
                                                past two years, the SCBI has expanded its
                                                                                                   To ensure that veterans, service-disabled
                                                                                                 veterans and Reserve and National Guard
AUDIENCES                                       focus to include helping underserved             member entrepreneurs receive special
                                                individuals and communities discover             consideration in all its entrepreneurial
Women Business Owners                           economic stability by promoting and              programs and resources, the SBA has
   Women entrepreneurs are changing the         supporting microenterprise growth.               established an Office of Veterans Business
face of America's economy. In the 1970’s,           The SCBI serves the entire state of South    Development. OVBD develops and
women owned less than five percent of the       Carolina from the main office in Columbia        distributes various informational materials
nation’s businesses. Today, they are at least   and satellite offices in Charleston,             for entrepreneurship such as the Veterans
equal owners of nearly half the nation’s        Darlington and Greenville. For contact           Business Resource Guide, VETGazette,
businesses and are majority owners of           information, see the “Resources by City”         Getting Veterans Back to Work, and various
about a third of all small businesses. SBA      listing.                                         other materials. Veterans may access these
serves women entrepreneurs nationwide                                                            resources and other assistance from OVBD
through its various programs and services,                                                       by     visiting   the    Web      site   at:
some of which are designed especially for       VETERANS AND RESERVISTS                
women. Many of these are overseen by
SBA’s Office of Women’s Business
                                                BUSINESS DEVELOPMENT                               For more information or special
                                                                                                 assistance with government contracting,
                                                   The SBA offers a variety of services to
Ownership.                                      American veterans who have made or are           including programs for veterans and
   Women’s        business      ownership       seeking to make the transition from service      service-disabled veterans, please check the
representatives in every SBA district office    member to small business owner. Each of          Contracting Opportunities section of this
coordinate services for women, helping          SBA's 68 district offices throughout the         publication, and the Web site above.
them access appropriate training,               country has designated a veterans business         SBA’s Patriot Express Initiative has new
counseling, mentoring, federal contracting      development officer to help veterans             and enhanced programs and services for
opportunities, financing, and more. They        prepare,      plan     and     succeed      in   veterans and members of the military
can also provide information on other local     entrepreneurship. The Veterans Business          community wanting to establish or expand
resources, including SBA resource partners      Outreach Centers provide online and face-        small businesses. See the Financing section
and lenders.                                    to-face entrepreneurial development              for more information on Patriot Express.
                                                services such as business training,
Women’s Business Center: South                  counseling and mentoring to eligible             NATIVE AMERICAN BUSINESS
Carolina Business Initiative                    veterans owning or considering starting a
    Based on current calculations using the     small business. SBDCs and SCORE also             DEVELOPMENT
latest Census Bureau data, SBA estimates        provide targeted management assistance to           The SBA is also working to ensure that
that there are 6.2 million women-owned          veterans who are current or prospective          entrepreneurship      opportunities    are
firms in the United States today, employing     small business owners. SCORE also                available for American Indians, Native
9.2 million people and contributing $1.5        provides resources and counseling services       Alaskans and Native Hawaiians seeking to
trillion in sales and revenue to the U.S.       online at:                        create, develop and expand small
economy. Women-owned businesses not                The SBA offers special assistance for         businesses. These groups have full access
only play a vital role in our nation’s          small businesses owned by activated              to the necessary business development and
economic growth, but also in South              Reserve and National Guard members.              expansion tools available through the
                                                Any self-employed Reserve or Guard               agency’s entrepreneurial development,
Carolina’s economic growth. Here in South
                                                member with an existing SBA loan can             lending and procurement programs. More
Carolina, 26.2 percent of the state’s firms
                                                request from their SBA lender or SBA             information is at:
are women-owned, generating $10.9 billion
                                                district office, loan payment deferrals,         aboutsba/sbaprograms/naa/index.html.
in revenues
                                                interest rate reductions and other relief
    In 1988, the SBA established the            after they receive their activation orders.
Women’s Business Center Program to help            Additionally, the SBA offers special low-
fund      Women’s       Business    Centers     interest-rate financing to small businesses
nationwide.                                     when an owner or essential employee is
    In South Carolina, the women’s business     called to active duty. The Military Reservist
center is the South Carolina Business           Economic Injury Disaster Loan Program
Initiative (SCBI), formerly known as the        provides loans to eligible small businesses
S.C. Women’s Business Center. Funded in         to cover operating costs that cannot be met
part by a grant from the SBA, the SCBI          due to the loss of an essential employee
provides both training seminars and one-        called to active duty in the reserves or
on-one counseling to assist aspiring and        National Guard. Small businesses may
existing entrepreneurs with business            apply for MREIDLs of up to $2 million if
development. Specific topics include            they have been financially impacted by the
business plan completion, marketing,            loss of an essential employee. The SBA has
financing, manufacturing, grant writing         created a special Web page specifically for
and strategic business planning. The SCBI       Reserve and Guard members at:
staff boats more than 100 combined years of
experience in community outreach,               reservists/index.html.

14 — Small Business Resource   SOUTH CAROLINA                                                                         Visit us online:

                    KNOWING THE RULES
                                  Paying Attention to Detail Can Save Time and Money
                                                                                                 CHOOSING YOUR BUSINESS
                                                                                                    You may operate your business under
                                                                                                 one of many organizational structures. The
                                                                                                 most common organizational structures are
                                                                                                 sole proprietorships, general and limited
                                                                                                 partnerships, “C” and “S” corporations and
                                                                                                 limited liability companies.
                                                                                                    Each structure offers unique tax and
                                                                                                 liability benefits. If you’re uncertain which
                                                                                                 format of business is right for you, you may
                                                                                                 want to discuss options with a business
                                                                                                 counselor or attorney.

                                                                                                 Sole Proprietorship
                                                                                                    One person operating a business as an
                                                                                                 individual is a sole proprietorship. It’s the
                                                                                                 most common form of business
           ven if your consulting service or     identification number to operate, finding

                                                                                                 organization. Profits are taxed as income to
           hand-knit sweater business is         the right license can be a major challenge      the owner personally. The personal tax rate
           based from your home, it will         for potential business owners.                  is usually lower than the corporate tax rate.
           have to comply with many of              “Feature Topics” focuses on common           The owner has complete control of the
           the numerous local, state, and        business concerns. It provides context to       business, but faces unlimited liability for its
federal regulations. Avoid the temptation to     the compliance information provided on          debts. There is very little government
ignore regulatory details. Doing so may          the site and helps business owners              regulation or reporting required with this
avert some red tape in the short term, but       understand in plain language the                business structure.
could be an obstacle as your business            regulatory requirements their businesses
grows. Taking the time to research the           face. Additional topics are added on a          General Partnership
applicable regulations is as important as        regular basis in response to the most             A partnership exists when two or more
                                                                                                 persons join together in the operation and
knowing your market. Bear in mind that           frequent searches on the site.
                                                                                                 management of a business. Partnerships
regulations vary by industry. If you're in the      The     Content    Partners    Program       are subject to relatively little regulation and
food-service business, for example, you          encourages government agencies, trade           are fairly easy to establish. A formal
will have to deal with the health                associations and professional organizations     partnership agreement is recommended to
department. If you use chemical solvents,        to develop compliance assistance tools and      address potential conflicts such as: who
you will have environmental compliances          resources for small- and medium-sized           will be responsible for performing each
to meet. Carefully investigate the               businesses that can then be featured on the     task; what, if any, consultation is needed
regulations that affect your industry. Being     site’s Feature Topics and Compliance            between partners before major decisions,
out of compliance could leave you                Guides pages.                                   and what happens when a partner dies,
unprotected legally, lead to expensive  partners with the SBA and 21       and so on. Under a general partnership
                                                                                                 each partner is liable for all debts of the
penalties and jeopardize your business.          other federal agencies. You’re just a
                                                                                                 business. Profits are taxed as income to the
                                                 computer click away from help 24-hours a        partners based on their ownership
                                                 day at:
BUSINESS.GOV                                                                                     percentage. is the official business link
to the U.S. government providing a one-          BUSINESS ORGANIZATION                           Limited Partnership
                                                                                                   Like a general partnership, a limited
stop shop for federal resources from the           There are many forms of legal structure       partnership is established by an agreement
federal government agencies that regulate        you may choose for your business. Each          between two or more persons. However,
or serve businesses.                             legal structure offers organizational options   there are two types of partners.’s new “Permit Me” feature        which are appropriate for different               • A general partner has greater control in
provides a single source for obtaining           personal situations and which affect tax            some aspects of the partnership. For
federal and state permits and professional       and liability issues. We suggest you                example, only a general partner can
licenses for businesses.        While most       research each legal structure thoroughly            decide to dissolve the partnership.
                                                                                                     General partners have no limits on the
businesses in the United States are required     and consult a tax accountant and/or                 dividends they can receive from profit so
to obtain a permit, professional license, or     attorney prior to making your decision.             they incur unlimited liability.

Visit us online:                                                                      SOUTH CAROLINA Small Business Resource —   15
  • Limited partners can only receive a share      South Carolina Department of Consumer           the most commonly used and are merely a
    of profits based on the proportional           Affairs                                         starting point for evaluating the needs of
    amount on their investment, and the               3600 Forest Dr., 3rd Fl.                     your business.
    liability is similarly limited in proportion      Columbia, SC 29201                              Liability Insurance – Businesses may
    to their investment.                              800-922-1594                                 incur various forms of liability in
                                                                       conducting their normal activities. One of
“C” Corporation                                                                                    the most common types is product liability,
   A “C” corporation is a legal entity created     South Carolina Department of Health
                                                   and Environmental Control                       which may be incurred when a customer
under state law by the filing of articles of          2600 Bull St.                                suffers harm from using the business
incorporation. A corporation is a separate            Columbia, SC 29201                           product. There are many other types of
entity having its own rights, privileges and          803-898-3432                                 liability, which are frequently related to
liabilities, apart from those of the                                       specific industries. Liability law is
individual(s) forming the corporation. It’s                                                        constantly changing. An analysis of your

                                                   Licensing & Regulations
the most complex form of business                  SC Department of Labor,                         liability insurance needs by a competent
organization and is comprised of                                                                   professional is vital in determining an
shareholders, directors and officers. Since           Synergy Business Park                        adequate and appropriate level of
                                                      Kingstree Bldg.                              protection for your business.
the corporation is an entity in its own right         110 Centerview Dr.
it can own assets, borrow money and                                                                   Property – There are many different
                                                      Columbia, SC 29210                           types of property insurance and levels of
perform business functions without                    803-896-4300                                 coverage available. It is important to
directly     involving       the      owners.
                                                                                                   determine the property you need to insure
Corporations are subject to more
                                                   SC Department of Revenue                        for the continuation of your business and
government regulation and it offers the                                                            the level of insurance you need to replace
owners the advantage of limited liability,            (See Web site for local phone numbers)
                                                                            or rebuild. You must also understand the
but not total protection from lawsuits.                                                            terms of the insurance, including any
                                                   SC Department of Revenue – Retail               limitations or waivers of coverage.
Subchapter “S” Corporation                         License                                            Business Interruption – While property
  Subchapter “S” references a special part            803-896-1350                                 insurance may pay enough to replace
of the Internal Revenue Code that permits a                                 damaged or destroyed equipment or
corporation to be taxed as a partnership or                                                        buildings, how will you pay costs such as
sole proprietorship, with profits taxed at         South Carolina Employment Security              taxes, utilities and other continuing
the individual, rather than the corporate          Commission                                      expenses during the period between when
                                                      1550 Gadsden St.                             the damage occurs and when the property
rate. A business must meet certain
                                                      Columbia, SC 29201
requirements for Subchapter “S” status.                                                            is replaced? Business Interruption (or
Contact the IRS for more information.                                        "business income") insurance can provide
                                                                                                   sufficient funds to pay your fixed expenses
LLCs and LLPs                                      SC Business One Stop                            during a period of time when your
   The limited liability company is a                                       business is not operational.
relatively new business form. It combines             Visit South Carolina Business One Stop,         "Key Man" – If you (and/or any other
selected corporate and partnership                    where you can apply for a variety of         individual) are so critical to the operation of
                                                      business licenses online and even file and   your business that it cannot continue in the
characteristics while still maintaining status        pay business taxes.                          event of your illness or death, you should
as a legal entity distinct from its owners. As
                                                                                                   consider "key man" insurance. This type of
a separate entity it can acquire assets, incur                                                     policy is frequently required by banks or
liabilities and conduct business. It limits        FICTITIOUS BUSINESS NAME                        government loan programs. It also can be
liability for the owners. LLC owners risk            Registering your business name, after         used to provide continuity in operations
only their investment, not personal assets.        doing a search to make sure that it is not      during a period of ownership transition
The limited liability partnership is similar       already in use, protects you from others        caused by the death, incapacitation or
to the LLC, but it is for professional             who might be using the same name. For           absence due to a Title 10 military activation
organizations.                                     more information, contact the county            of an owner or other "key" employee.
                                                   clerk’s office in the county where your            Automobile – It is obvious that a vehicle
                                                                                                   owned by your business should be insured
LOGISTICS OF STARTING                              business is based. But if you are a
                                                                                                   for both liability and replacement
                                                   corporation, you’ll need to check with the
YOUR BUSINESS                                      state.
                                                                                                   purposes. What is less obvious is that you
                                                                                                   may need special insurance (called "non-
                                                                                                   owned automobile coverage") if you use
BUSINESS LICENSES                                  BUSINESS INSURANCE                              your personal vehicle on company
  There are many types of licenses, both                                                           business. This policy covers the business'
state and local as well as professional.             Like home insurance, business insurance       liability for any damage which may result
Depending on what you do and where you             protects the contents of your business          for such usage.
                                                   against fire, theft and other losses. Contact      Officer and Director – Under most state
plan to operate, your business may be
                                                   your insurance agent or broker. It is           laws, officers and directors of a corporation
required to have various state and/or
                                                   prudent for any business to purchase a          may become personally liable for their
municipal licenses, certificates or permits.       number of basic types of insurance. Some
  Licenses are typically administered by a                                                         actions on behalf of the company. This type
                                                   types of coverage are required by law, other    of policy covers this liability.
variety of state and local departments.            simply make good business sense. The               Home Office – If you are establishing an
Consult your state or local government for         types of insurance listed below are among       office in your home, it is a good idea to

16 — Small Business Resource   SOUTH CAROLINA                                                                             Visit us online:
contact your homeowners' insurance
company to update your policy to include
                                                 product you sell, from suppliers without
                                                 paying taxes. It requires you to charge sales
                                                                                                  SMALL BUSINESS VIDEO AND
coverage for office equipment. This              tax to your customers, which you are             AUDIO PRESENTATIONS
coverage is not automatically included in a      responsible for remitting to the state. You        A new page at
standard homeowner's policy.                     will have to pay penalties if it is found that   businesses/small/article/0,,id=97726,00.html
                                                 you should have been taxing your products        on features video and audio
EMPLOYER IDENTIFICATION                          and now owe back taxes to the state. For         presentations on a variety of topics for
                                                 information on sales tax issues, contact         small businesses and self-employed
NUMBER                                           your state’s government.                         taxpayers, highlighted by an audio podcast
   An EIN, Form SS-4, also known as a                                                             reenactment of the May 2008 IRS National
federal tax identification number, is used to
identify a business entity. Generally all
                                                 FEDERAL INCOME TAX                               Phone Forum for first-time Schedule C
                                                                                                  filers. Also included are:
businesses need an EIN. You may apply for          Like the state income tax, the method of         • Adjusting Employment Taxes: New for
                                                 paying federal income taxes depends upon             2009
an EIN in a variety of ways, including
                                                 your legal form of business. The following         • Backup Withholding for Form 1099-MISC
online, phone, fax. Taxpayers can obtain an
                                                 procedures must be considered:                     • Bartering Income
EIN immediately by calling 800-829-4933,           Sole Proprietorship: You must file IRS           • Choosing a Tax Preparer
Monday through Friday, from 7:30 a.m. to         Federal Form Schedule C along with your            • Employer Identification Numbers
5:30 p.m. customer's local time.                 personal Federal Income Tax return (Form           • Small Business Tax Workshops
   Taxpayers can fax EIN requests seven          1040) and any other applicable forms               • Schedule C: Who needs to file and how to
days a week/24 hours a day by dialing the        pertaining to gains or losses in your                do it
fax number to one of three IRS campuses          business activity.                                 In addition to these video and audio
that accept applications. The instructions         Partnership: You must file a Federal           presentations, please visit the Small
on the newly revised Form SS-4,                  Partnership return (Form 1065). This is          Business/Self-Employed Virtual Small
Application for Employer ID Number,              merely informational to show gross and net       Business      Tax     Workshop      at
indicate which IRS Campus is assigned to         earnings of profit and loss. Also, each,
their specific state. Detailed information       partner must report his share of                 ,id=200274,00.html for instructional
                                                 partnership earnings on his individual           lessons.
and an electronic SS-4 can be found at the
                                                 Form 1040 based on the information from
IRS Small Business/Self Employed                                                                  Self-Employed Individuals Tax Center
                                                 the K-1 filed with the Form 1065.
Community Web site at:                                                            Small businesses and the self-employed
                                                   Corporation: You must file a Federal
/businesses/small/index. html, click on New      Corporation Income Tax return (Form              will also find information and resources in
Businesses. Faxed applications are               1120). You will also be required to report       the Self-Employed Individuals Tax Center
processed in four days. The IRS Campus'          your earnings from the corporation               at
accepting faxed applications are:
   Holtsville, NY                 631-447-8960
                                                 including salary and other income such as        selfemployed/.
   Cincinnati, OH                 859-669-5760
                                                 dividends on your personal federal income
                                                 tax return (Form 1040).
   Philadelphia, PA               215-516-3990
                                                                                                  e-News for Small Businesses
                                                                                                     To learn about other IRS products and
  EINs are also issued automatically
online. Visit the IRS Web site,
                                                 IRS WEB PRODUCTS FOR                             services, and to keep up with the latest IRS
                                                                                                  announcements for small businesses, start a,   SMALL BUSINESSES                                 free subscription to e-News for Small
,id=102767,00.html for more information.           To provide the most timely and up-to-          Businesses; just go to at
                                                 date tax information, the Small Business
FEDERAL                                          Resource Guide (SBRG), formerly a CD-
                                                 ROM, is available exclusively online at
                                                                                                  0,,id=154826,00.html, type in your e-mail
                                                                                                  address and submit.
SELF-EMPLOYMENT TAX                    ,
  Everyone must pay Social Security and
                                                    Designed to equip small business
                                                                                                  SOCIAL SECURITY CARDS
Medicare coverage. If you are self-                                                                  All employees must have a social
employed, your contributions are made            owners with the skills and knowledge
                                                                                                  security card. It must be signed by its
through the self-employment tax.                 needed to successfully start and manage a        owner, and you should always ask to see
  The IRS has publications, counselors and       business, IRS has ensured the SBRG 2009          and personally record the social security
workshops available to help you sort it out.     Web site offers the same quality of              number. Failure to do so may cause your
For more information, contact the IRS at         information the SBRG CD was known for,           employee to lose benefits and considerable
800-829-1040.                                    covering a wide range of tax topics, Web         trouble for yourself in back tracking to
                                                 links to business forms, publications, other     uncover the error.
                                                 useful governmental Web sites, and much             Each pay day, your employees must
SALES TAX EXEMPTION                              more.                                            receive a statement from you telling them
                                                                                                  what deductions were made and how
CERTIFICATE                                                                                       many dollars were taken out for each legal
   If you plan to sell products, you will                                                         purpose. This can be on the check as a
need a Sales Tax Exemption Certificate. It                                                        detachable portion or in the form of an
allows you to purchase inventory, or                                                              envelope with the items printed and spaces
materials, which will become part of the                                                          for dollar deductions to be filled in.

Visit us online:                                                                       SOUTH CAROLINA Small Business Resource —   17
EMPLOYEE CONSIDERATIONS                            211 Century Dr., Ste. 210-B                  U.S. CITIZENSHIP AND
   If you have any employees, including
                                                   Greenville, SC 29607
                                                                                                IMMIGRATION SERVICES
                                                                                                   The Federal Immigration Reform and
officers of a corporation but not the sole
proprietor or partners, you must make           Myrtle Beach                                    Control Act of 1986 requires employers to
periodic payments of, and/or file quarterly        1330 Howard Pkwy.                            verify employment eligibility of new
reports about payroll taxes and other              Myrtle Beach, SC 29577                       employees. The law obligates an employer
                                                   843-839-2960                                 to process Employment Eligibility
mandatory deductions. You may contact
these government agencies for information,      Rock Hill                                       Verification Form I-9. The U.S. Citizenship
assistance and forms.                              454 S. Anderson Rd., Ste. 202                and Immigration Services Office of
Federal Withholding                                Rock Hill, SC 29730                          Business Liaison offers a selection of
    U.S. Internal Revenue Service                  803-324-7641                                 information bulletins and live assistance
    800-829-1040                                                                                through the Employer Hotline. For forms                             You can also visit South Carolina One Stop
                                                                                                call 800-870-3676, for the Employer Hotline
                                                   at, where you can file and
                                                   pay taxes online.                            call 800-357-2099.

                                                                                                SAFETY & HEALTH
   Federal Withholding Tax: Any business        Social Security’s Business Services
employing a person must register with the       Online
IRS and acquire an EIN and pay federal           The Social Security Administration now         REGULATIONS
withholding tax at least quarterly. File Form   provides free electronic services online at       All businesses with employees are
SS-4 with IRS to obtain number and     Once          required to comply with state and federal
required tax forms. Call 800-829-3676 or        registered for Business Services Online,        regulations regarding the protection of
800-829-1040 if you have questions.             business owners or their authorized             employees. The Occupational Safety and
                                                representative can:                             Health Administration outlines specific
LOCAL IRS OFFICES IN SOUTH                        • file W-2s online; and
CAROLINA:                                                                                       health and safety standards adopted by the
                                                  • verify Social Security Numbers through
                                                                                                U.S. Department of Labor.
                                                    the Social Security Number Verification
Charleston                                          Service, used for all employees prior to      Use of hazardous substances in
    1 Poston Rd., Ste. 200                          preparing and submitting Forms W-2.         businesses is highly regulated and there are
    Charleston, SC 29407                                                                        heavy fines for non-compliance.
    843-566-0209                                Social Security Administration
    Strom Thurmond Federal Bldg.
                                                                    BUILDING CODES, PERMITS
    1835 Assembly St., 6th Fl.
                                                Employee Insurance
                                                                                                AND ZONING
    Columbia, SC 29201                                                                             It is important to consider zoning
    803-765-5544                                   If you hire employees you may be
                                                                                                regulations when choosing a site for your
                                                required to provide unemployment or
Florence                                                                                        business. You may not be permitted to
                                                workers’ compensation insurance. For
    401 W. Evans St.                                                                            conduct business out of your home or
                                                more information, contact one of the
    Florence, SC 29501                                                                          engage in industrial activity in a retail
    843-664-8889                                South Carolina Employment                       district. Contact the business license office
                                                Security Commission                             in the city or town where the business is
Greenville                                         1550 Gadsden St.                             located.
    440 Roper Mountain Rd.                         Columbia, SC 29201
    Greenville, SC 29615
                                                                                                BAR CODING
                                                                          GS1 US™ (not a government agency)
Myrtle Beach                                                                                    provides a unique company number to
    601 19th Ave. N.                            South Carolina Workers                          create bar codes (including UPCs) for your
    Myrtle Beach, SC 29577                      Compensation Commission
    843-626-2700                                                                                products. Many stores require bar coding
                                                   1612 Marion St.
                                                                                                on packaged products. Many industrial
                                                   Columbia, SC 29201
STATE PAYROLL TAX:                                 803-737-5700                                 and manufacturing companies use bar
                                                                   coding to identify items they receive and
Charleston                                                                                      ship. GS1 US, formerly the Uniform Code
    1 S. Park Cir., Ste. 101
                                                                                                Council, Inc., provides tools and assistance
    Charleston, SC 29407
                                                WORKPLACE PROGRAM                               to help you meet these requirements. For
                                                   Americans with Disabilities (ADA): For       information, visit For
Columbia (Main Office)                          assistance with the ADA, call 800-669-3362      additional questions, contact:
    301 Gervais St.                             or visit:                   GS1 US
    Columbia, SC 29201                                                                             7887 Washington Village Dr., Ste. 300
    803-898-5000                                                                                   Dayton, OH 45459-8605
    1452 W. Evans St.
    Florence, SC 29501

18 — Small Business Resource   SOUTH CAROLINA                                                                         Visit us online:
Federal Registration of Trademarks                    • Central SC/Charleston Office                     South Carolina Department of Commerce
and Copyrights                                           2330 Devine St.                                    1201 Main St., Ste. 1600
                                                         Columbia, SC 29205                                 Columbia, SC 29201
  Trademarks or service markets are
                                                         866-892-3584                                       800-868-7232
words, phrases, symbols, designs or                                
combinations that identify and distinguish                                 Brandon Spence, Small Business
the source of goods. Trademarks may be                   Serving Bamberg, Berkeley, Calhoun,                Ombudsman
registered at both the state and federal                 Charleston, Clarendon, Colleton, Dorchester,
level. To register a federal trademark,                  Fairfield, Kershaw, Lee, Lexington, Newberry,   South Carolina Minority Business
contact:                                                 Orangeburg, Richland and Sumter counties        Enterprise Center
Patent and Trademark Office:                                                                                1515 Richland St., Ste. C
     P.O. Box 1450                                    • Coastal Carolina Office                             Columbia, SC 29201
     Alexandria, VA 22313-1450                           314 Laurel St., Ste. 203                           803-779-5905
     800-786-9199                                        Conway, SC 29526                                                        843-488-2227
                                                                              South Carolina Secretary of State
Trademark Information Hotline                                           Edgar Brown Bldg.
     703-308-9000                                        Serving Darlington, Dillon, Florence,              1205 Pendleton St., Ste. 525
                                                         Georgetown, Horry, Marion and                      Columbia, SC 29201
State Registration of a Trademark                        Williamsburg counties                              803-734-2158
Trademarks and service marks may be                                                               
registered in a state.                                • Southeast Atlantic Office
Caution: Federally registered trademarks                 6606 Abercorn St., Ste. 108 C                   South Carolina Women in Business
may conflict with and supersede state                    Savannah, GA 31405                                 803-360-2468
registered business and product names.                   912-354-7521                             
                                                                           Rose Jackson, Founder
Patents                                                  Serving Allendale, Beaufort, Hampton and
  A patent is the grant of a property right              Jasper counties                                 South Carolina World Trade Center
to the inventor by the U.S. Patent and                                                                      1 Poston Rd., Ste. 103
Trademark Office. It provides the owner               • Southern Piedmont Office                            Charleston, SC 29407
with the right to exclude others from                    13860 Ballantyne Corporate Pl., Ste. 225           843-852-9880
making, using, offering for sale or selling              Charlotte, NC 28277                      
the patented item in the United States.                  877-317-7236                                       Andrae Grimes, Executive Director
  Additional information is provided in        
the publications, General Information                                  U.S. Department of Commerce
Concerning Patents and other publications                Serving Chester, Chesterfield, Lancaster,       International Trade Commission:
distributed through the U.S. Patent and                  Marlboro and York counties
Trademark Office. For more information,                                                                  • Columbia
                                                      • Upstate SC Office                                   Midlands Technical College
contact the:
                                                         408 N. Church St., Ste. C                          Harbison Hall, 2nd Fl.
U.S. Patent and Trademark Office                         Greenville, SC 29601                               7300 College St.
     800-786-9199 •
                                                         864-242-5052                                       Columbia, SC 29063
   Copyrights protect original works of                  Serving Abbeville, Anderson, Cherokee,
authorship including literary, dramatic,                 Greenville, Greenwood, Laurens, Oconee,         • Greenville
musical and artistic, and certain other                  Pickens, Spartanburg and Union counties            216 S. Pleasantburg Dr., Ste. 243
intellectual works. Copyright does not                                                                      Greenville, SC 29607
protect facts, ideas and systems, although it         Governor’s Office of Small and Minority               864-250-8429
may protect the way these things are                  Business Assistance                         
expressed. For general information contact:              1205 Pendleton St., Ste. 440-A
                                                         Columbia, SC 29201                              • Charleston
U.S. Copyright Office                                    803-734-0657                                       1362 McMillan Ave., Ste. 100
     U.S. Library of Congress                                                Charleston, SC 29405
     James Madison Memorial Building                                  843-746-3404
     Washington, DC 20559                                Margaret Woodson, Director               
     202-707-9100 - Order Line

                                                                                                         Wage & Hour Division
     202-707-3000 - Information Line                  National Federation of Independent                 U.S. Department of Labor                                Businesses
                                                         1201 Main St., Ste. 2015                           1835 Assembly St., Rm. 1072
SMALL BUSINESS DIRECTORY                                 Columbia, SC 29201                                 Columbia, SC 29201
                                                         803-254-1476                                       803-765-5981
Better Business Bureaus:                                        
• Central Georgia Office                       
     1227 Augusta West Pkwy., Ste. 15                    JJ Darby, State Director
     Augusta, GA 30909
     800-763-4222                                     South Carolina Business One-Stop                                   803-898-5690                       
     Serving Aiken, Allendale, Barnwell, Edgefield,
     McCormick and Saluda counties

Visit us online:                                                                              SOUTH CAROLINA Small Business Resource —   19

                     GETTING APPROVED
                                Financing Options to Start or Grow Your Business
                                                                                                          criteria to accommodate a wide range of
                                                                                                          financing needs.
                                                                                                              The business loans that SBA guarantees
                                                                                                          do not come from the agency, but rather
                                                                                                          from banks and other approved lenders.
                                                                                                          The loans are funded by these
                                                                                                          organizations and they make the decisions
                                                                                                          to approve or not approve the applicants’
                                                                                                              The SBA guaranty reduces the lender’s
                                                                                                          risk of borrower non-payment. If the
                                                                                                          borrower defaults, the lender can request
                                                                                                          SBA to pay the lender that percentage of the
                                                                                                          outstanding balance guaranteed by SBA.
                                                                                                          This allows the lender to recover a portion
                                                                                                          from SBA of what it lent if the borrower
                                                                                                          can’t make the payments. The borrower is
                                                                                                          still obligated for the full amount.
   The American Recover y a nd Rei nvestment Act       loan programs to see if they may be a viable
   ma y a ffect some SB A loan guar ant ee programs.                                                          To qualify for an SBA guaranty, a small
                                                       option. The three principal players in most
   For the la test information, see your l ocal SBA                                                       business must meet the lender’s criteria
   dist rict office or
                                                       of these programs are — the applicant
                                                                                                          and the 7(a) requirements. In addition the
                                                       small business, the lender and the SBA.
                                                                                                          lender must certify that it would not
                                                       SBA guarantees a portion of the loan

                    any entrepreneurs need                                                                provide this loan under the proposed terms
                    financial resources to             (except for MicroLoans). The business              and conditions unless it can obtain an SBA
                    start or expand a small            should have its business plan prepared             guaranty. If the SBA is going to provide a
                    business themselves                before it applies for a loan. This plan            lender with a guaranty, the applicant must
                    and must combine                   should explain what resources will be              be eligible creditworthy and the loan
what they have with other sources of                   needed to accomplish the desired business          structured under conditions acceptable to
financing. These sources can include                   purpose including the cost of everything,          SBA.
family and friends, venture-capital                    the applicants’ contribution, use of loan
                                                       proceeds, collateral, and most important,
financing, and business loans.
   This section of the Small Business                  an explanation of how the business will be         PERCENTAGE OF GUARANTIES
Resource guide discusses SBA’s primary                 able to repay the loan in a timely manner.         AND LOAN MAXIMUMS
business loan and equity financing                        The lender will analyze the application            The SBA only guarantees a portion of
programs. These are: the 7(a) Loan                     to see if it meets the lender’s criteria as well   any particular loan so each loan will also
Program, the Certified Development                     as SBA’s requirements. SBA will look to the        have an unguaranteed portion giving the
Company or 504 Loan Program, the                       lender to do much, if not all, of the analysis     lender a certain amount of exposure and
MicroLoan Program and the Small                        before it provides its guaranty on the             risk on each loan. The percentage SBA
Business Investment Company Program.                   lender’s loan or provides the microlenders         guarantees depends on either the dollar
The distinguishing features for these                  with funds to re-lend to the business. The         amount or the program the lender uses to
programs are the total dollar amounts that             SBA’s business loan programs provide a             obtain its guaranty. For loans of $150,000 or
can be borrowed, the type of lenders who               key source of financing for viable small           less the SBA will guaranty as much as 85
can provide these loans, the uses for the              businesses that have real potential, but           percent and for loans over $150,000 the SBA
loan proceeds, and the terms placed on the             cannot qualify for loans on their own.             can provide a guaranty of up to 75 percent.
borrower.                                                                                                 (NOTE: These percentages may be
   Note: The SBA does not offer grants to              7(A) LOAN PROGRAM                                  temporarily increased up to 90 percent as
                                                                                                          part of the American Recovery and
individual business owners to start or                    The 7(a) Loan Program is the SBA’s
grow a business. The only grants the SBA                                                                  Reinvestment Act of 2009 Check with
                                                       primary business loan program. It is the
is authorized to provide are for entities to                                                              your local SBA district office for more
                                                       agency’s most used non-disaster financial
provide businesses management techni-                                                                     information.)
                                                       assistance program because of its flexibility
cal assistance to other businesses.                                                                          The maximum loan amount is $2 million
                                                       in loan structure, variety of loan proceeds
                                                                                                          and the maximum guaranty amount to any
   When you seek a business loan,                      uses, and availability. This program has
                                                                                                          one business (including affiliates) is $1.5
familiarize yourself with the SBA’s business           broad eligibility requirements and credit
                                                                                                          million. The one exception is when a

20 — Small Business Resource   SOUTH CAROLINA                                                                                   Visit us online:
business needs both working capital and
fixed assets to promote exporting in which
case the SBA can provide a maximum
guaranty of $1.75 million.
   Loans made under the SBAExpress
program, which is discussed subsequently,
have a 50 percent guaranty.

   The actual interest rate for a loan
guaranteed by SBA is negotiated between
the applicant and lender and subject to SBA
maximums. Both fixed and variable
interest rate structures are available. The
maximum rate is comprised of two parts, a
base rate and an allowable spread. There
are three acceptable base rates (Wall Street
Journal Prime, London Interbank One             maturities are based on the ability to repay,     SBA loan is to be secured by all available
Month Prime plus 3 percent, and an SBA          the purpose of the loan proceeds and the          assets (both business and personal) until
Peg Rate). Lenders are allowed to add an        useful life of the assets financed. However,      the recovery value equals the loan amount
additional spread to the base rate to arrive    maximum loan maturities have been                 or until all assets have been pledged to the
at the final rate. For loans with maturities    established: 25 years for real estate; up to 10   extent that they are reasonably available, to
of less than seven years the maximum            years for equipment (depending on the             adequately secure the loan. Personal
spread will be no more than 2.25 percent.       useful life of the equipment); and generally      guaranties are required from all the
For loans with maturities of seven years or     up to seven years for working capital.            principal owners of the business. Liens on
more the maximum spread will be 2.75            Short-term loans and revolving lines of           personal assets of the principals may be
percent. Loans under $50,000 and loans          credit are also available through the SBA to      required.
processed through Express procedures are        help small businesses meet their short-term
permitted to be higher.                         and cyclical working capital needs.
   Loans guaranteed by SBA are assessed a
guaranty fee. This fee is based on the loan’s   STRUCTURE                                            7(a) loan eligibility is based on four
                                                                                                  different factors. The first is size, as all loan
maturity and the dollar amount                      Most loans are repaid with monthly            recipients must be classified as “small” by
guaranteed, not the total loan amount, and      payments of principal and interest. For           SBA. The basic size standards are outlined
the loan’s maturity. The guaranty fee is        fixed-rate loans the payments stay the same       below. A more in-depth listing of standards
generally paid by the borrower and can be       whereas for variable rate loans the lender        can be found at:
included in the loan proceeds.                  can re-establish the payment amount when          services/contractingopportunities/index.html
   On any loan with a maturity of one year      the interest rates change or at other             then select “Size Standards” from the
or less, the fee is just 0.25 percent of the    intervals as negotiated with the borrower.        “Contracting Opportunities” menu in the
guaranteed portion of the loan. On loans        Applicants can request that the lender            right hand column.
with maturities of more than one year, the      establish the loan with interest-only
normal guaranty fee is 2 percent of the SBA     payments during the start-up and                  SBA Size Standards:
guaranteed portion on loans up to $150,000;     expansion phases (when eligible) to allow           • Manufacturing from 500 to no more than
3 percent on loans over $150,000 but not        the business time to generate income before           1,500 employees
                                                it starts making full loan payments. There          • Wholesaling — No more than 100
more than $700,000; and 3.5 percent on
loans over $700,000. There is also an           are no balloon payments or call provisions
                                                                                                    • Services from $4.5 million to no more
additional fee of 0.25 percent on any           allowed on any 7(a) loan. The lender may              than $33.5 million in average annual
guaranteed portion over $1 million. * All       not charge a prepayment penalty if the loan           receipts
references to the prime rate refer to the       is paid off before maturity, but the SBA will       • Retailing from $7 million to no more than
lowest prime rate as published in the Wall      charge the borrower a prepayment fee if the           $29.5 million
                                                loan has a maturity of 15 or more years and         • General construction from $7 million to
Street Journal on the day the application
                                                                                                      no more than $33.5 million
is received by the SBA.                         is pre-paid during the first three years.
                                                                                                    • Agriculture from $750,000 to no more
   (Note: These fees will be temporarily                                                              than $17.5 million in average annual
lowered for some loans as part of the
American Recovery and Reinvestment
                                                COLLATERAL                                            receipts
                                                   The SBA expects every loan to be fully
Act.)                                                                                             Nature of Business
                                                secured, but, the SBA will not decline a
                                                                                                    The second eligibility factor is based on
                                                request to guaranty a loan if the only
7(A) LOAN MATURITIES                            unfavorable factor is insufficient collateral,
                                                                                                  the nature of the business and the process
   SBA loan programs are generally                                                                by which it generates income or the
                                                provided all available collateral is offered.
intended to encourage longer term small                                                           customers it serves. The SBA has general
                                                What these two policies mean is that every
business financing, but actual loan                                                               prohibitions against providing financial

Visit us online:                                                                        SOUTH CAROLINA Small Business Resource —   21
assistance to businesses involved in such         • All loans must be so sound as to             4, and the lender completes SBA Form 4-1.
activities as lending, speculating, passive         reasonably assure repayment.                 When requests for guarantees are
investment, pyramid sales, loan packaging,        For SBA’s eligibility requirements check:      processed using Express methods, the
presenting live performances of a prurient then select         applicant uses more of the regular forms of
sexual nature, businesses involved in           “Loan Eligibility” from the “Financial           the lender and just has a few federal forms
gambling and any illegal activity.              Assistance” list along the bottom.               to complete. When SBA receives a request
   The SBA will also not support non-profit                                                      that is processed through Standard or CLP
businesses, private clubs that limit            WHAT TO TAKE TO THE                              procedures, it either reanalyzes or reviews
membership on a basis other than capacity,                                                       the lender’s eligibility and credit analysis
businesses that promote a religion,             LENDER                                           before deciding to approve or reject. For
businesses owned by individuals                   Documentation requirements may vary;           requests      processed     through     PLP,
incarcerated or on probation or parole,         contact your lender for the information you      Community Express and SBA Express
municipalities, and situations where the        must supply.                                     procedures, lenders are permitted to make
business or its owners previously failed to     Common requirements include the                  SBA-guaranteed loans without SBA’s credit
repay a federal loan or federally assisted      following:                                       approval of the borrower.
financing.                                        • Purpose of the loan.                            In guaranteeing the loan, the SBA assures
                                                  • History of the business.
                                                                                                 the lender that, in the event the borrower
                                                  • Financial statements for three years
Use of Proceeds                                     (existing businesses).                       does not repay the loan, the government
  The third eligibility factor is usage of        • Schedule of term debts (existing             will reimburse the lending institution for a
proceeds. 7(a) proceeds can be used to:             businesses).                                 portion of its loss. By providing this
purchase machinery, equipment, fixtures,          • Aging of accounts receivable and             guaranty, the SBA is able to help tens of
supplies, leasehold improvements, as well           payable (existing businesses).               thousands of small businesses every year
as land and/or buildings that will be             • Projected opening-day balance sheet          get financing they might not otherwise
                                                    (new businesses).
occupied by the business borrower.                                                               obtain.
                                                  • Lease details.
Proceeds can also be used to:                     • Amount of investment in the business by         After SBA approval, the lender is notified
  • Expand or renovate facilities;                  the owner(s).                                that its loan has been guaranteed. The
  • Finance receivables and augment               • Projections of income, expenses and cash     lender then will work with the applicant to
    working capital;                                flow as well as the assumptions.             make sure the terms and conditions are met
  • Finance seasonal lines of credit;             • Personal financial statements on the         before closing the loan, disbursing the
  • Construct commercial buildings; and             principal owners.
  • Refinance existing debt under certain                                                        funds, and assuming responsibility for
                                                  • Resume(s) of the principal owners and
    conditions.                                     managers.                                    collection and general servicing. The
   7(a) loan proceeds cannot be used (except                                                     borrower makes monthly loan payments
                                                                                                 directly to the lender. As with any loan, the
for compensation for services rendered) for
floor plan financing or to have funds for the
                                                HOW THE 7(A) PROGRAM                             borrower is responsible for repaying the
purpose of making investments. They also        WORKS                                            full amount of the loan in a timely manner.
cannot be used to provide perks to an              Applicants submit their loan application
owner of the business.                          to a lender for the initial review. The lender   What the SBA Looks for:
                                                will generally review the credit merits of         • Ability to repay the loan on time from the
                                                                                                     projected operating cash flow.
Miscellaneous Factors                           the request before deciding if they will           • Owners and operators who are of good
   The fourth factor involves a variety of      make the loan themselves or if they will             character.
requirements such as SBA’s credit               need an SBA guaranty. If a guaranty is             • Feasible business plan.
elsewhere test and utilization of personal      needed, the lender will also review                • Management expertise and commitment
assets requirements where the business and      eligibility, and the applicant should be             necessary for success.
its principal owners must use their own         prepared to complete some additional               • Sufficient funds, including the SBA
                                                documents before the lender sends its                guaranteed loan, to operate the business
resources before getting a loan guaranteed
                                                                                                     on a sound financial basis (for new
by SBA. It also includes SBA’s anti-            request for guaranty to the SBA.
                                                                                                     businesses, this includes the resources to
discrimination rules and prohibitions on           There are five different ways a lender can        meet start-up expenses and the initial
lending to agricultural enterprises because     apply for a 7(a) guaranty from SBA. The              operating phase).
there are other agencies of the federal         main differences between these methods             • Adequate equity invested in the business.
government with programs to fund such           are related to the documentation which the         • Sufficient collateral to secure the loan or
businesses.                                     lender provides, the amount of review                all available collateral if the loan cannot
                                                which SBA conducts, the amount of the                be fully secured.
   Generally, SBA loans must meet the
following:                                      loan and the lender responsibilities in case
  • Every loan must be for a sound business     the loan defaults and the business’ assets       SBAEXPRESS
    purpose;                                    must be liquidated. The five methods are:           SBAExpress is available to lenders as a
  • There must be sufficient invested equity      •   Standard 7(a) Guaranty participants,
                                                  •   Certified Lender Program participants      way to obtain a guaranty on smaller loans
    in the business so it can operate on a
    sound financial basis;                        •   Preferred Lender Program participants      up to $350,000. The program authorizes
  • There must be a potential for long-term       •   SBA Express, and Community Express         selected experienced lenders to use mostly
    success;                                          participants.                              their own forms, analysis and procedures
  • The owners must be of good character         For the Standard, Certified and Preferred       to process, service and liquidate SBA-
    and reputation; and                         methods, the applicant fills out SBA Form        guaranteed loans. The SBA guarantees up

22 — Small Business Resource   SOUTH CAROLINA                                                                           Visit us online:
to 50 percent of an SBAExpress loan. Loans     BCI Lending Services               First Federal Savings & Loan
under $25,000 do not require collateral.          800-756-4353                    Association of Charleston
Like most 7(a) loans, maturities are usually                 843-529-5532
five to seven years for working capital and
                                               Borrego Springs Bank, NA
up to 25 years for real estate or equipment.      866-644-0042                    First Financial Bank
Revolving lines of credit are allowed for a         870-863-7000
maximum of seven years. For a list of                                      
lenders in your area, contact your local SBA   Capital One, NA
office available at:                              800-926-1000                    High Trust Bank
SBAEXPRESS LENDERS                             CoastalStates Bank
                                                  888-746-4272                    Home Loan Investment Bank, FSB
Bank of America, NA
                                               Community South Bank
                                                  877-287-3722                    Innovative Bank
Bank of Granite
                                               Community West Bank
                                                  805-681-9943                    Liberty Savings Bank
Bank of Travelers Rest                            800-436-6300
                                               Excel National Bank
                                                  888-392-5265                    Lowcountry National Bank
BB&T                                                      (A division of CBC National Bank)
                                               Fidelity Bank               

                                                                                  Mountain 1st Bank & Trust Company
BBVA Compass Bank
     (formerly Compass Bank)

Visit us online:                                                       SOUTH CAROLINA Small Business Resource —   23
Newtek Small Business Finance, Inc.               a small business. Eligible          military    CoastalStates Bank
    212-356-9510                                  community members include:                         888-746-4272                  • Veterans;                            
                                                    • Service-disabled veterans;
PNC Bank, NA                                        • Active-duty servicemembers eligible for     Community South Bank
    800-762-5684                                      the military’s Transition Assistance           877-287-3722                                   Program;                             
                                                    • Reservists and National Guard members;
Popular Small Business Capital                      • Current spouses of any of the above,        Community West Bank
    (A division of Banco Popular North America)       including a servicemember;                     805-681-9943
    800-250-6968                                    • The widowed spouse of a servicemember                           or veteran who died during service or of
Queensborough National Bank & Trust Co.
                                                      a service-connected disability.
                                                                                                  Fidelity Bank
    478-625-2000                                     The Patriot Express loan is offered by                              SBA’s widest network of lenders
                                                  nationwide and features our fastest             High Trust Bank
RBC Bank, Inc.                                    turnaround time for loan approvals. Loans          770-692-2449
    800-236-8872                                  are available up to $500,000 and qualify for
                                                  SBA’s maximum guaranty of 85 percent for        NCB, FSB
Regions Bank                                      loans of $150,000 or less and 75 percent for       703-302-1945
    800-734-4667                                  loans over $150,000 up to $500,000. For                                 loans above $350,000, lenders are required
                                                  to take all available collateral.               Newtek Small Business Finance, Inc.
ShinHan Bank America                                 The Patriot Express loan can be used for        212-356-9510
    646-843-7300                                                                                                       most business purposes, including start-up,
                                                  expansion, equipment purchases, working         PNC Bank, NA
Stearns Bank, NA                                  capital, inventory or business-occupied            800-762-5684
    888-320-2899                                  real-estate purchases.                                                Patriot Express loans feature SBA’s
                                                                                                  Popular Small Business Capital
SunTrust Bank                                     lowest interest rates for business loans,          (A division of Banco Popular North America)
    877-370-5108                                  generally 2.25 percent to 4.75 percent over        800-250-6968                              prime depending upon the size and        
                                                  maturity of the loan. Your local SBA district
Superior Financial Group, LLC                     office will have a listing of Patriot Express   RBC Bank, Inc.
    877-675-0500                                  lenders in your area. More information is          800-236-8872
    925-899-8449 (Sue Malone, Rep.)                                                                                    at:
                                                                                                  Regions Bank
TD Bank                                           PATRIOT EXPRESS LENDERS                            800-734-4667
    888-751-9000                                                                                                           Bank of America, NA
                                                     888-287-4637                                 Stearns Bank, NA
Unity Bank                                                            888-320-2899
    800-618-2265                                                                                                        Bank of Granite
                                                     828-496-2000                                 SunTrust Bank
UPS Capital Business Credit                                           877-370-5108
                                                     800-758-0038                                 Superior Financial Group, LLC
Wachovia Small Business Capital                                                 877-675-0500
    888-850-6055                                                                                     925-899-8449 (Sue Malone, Rep.)                           BBVA Compass Bank                        
                                                     (formerly Compass Bank)
Wells Fargo Bank, NA                                 888-273-5363                                 TD Bank
    800-416-8658                                                    888-751-9000                                                                     
                                                  BCI Lending Services
Wilshire State Bank                                  800-756-4353                                 Unity Bank
    888-972-5363                                                         800-618-2265                                                                   
                                                  Borrego Springs Bank, NA
                                                     866-644-0042                                 Wells Fargo Bank, NA
PATRIOT EXPRESS                                                  800-416-8658
  The Patriot Express pilot loan initiative is                                             
                                                  CIT Small Business Lending Corporation
for veterans and members of the military             704-814-0409
community wanting to establish or expand   

24 — Small Business Resource   SOUTH CAROLINA                                                                            Visit us online:
                                                                                                        proceeds. Up to 5 percent of the
COMMUNITYEXPRESS PILOT                         need of certain small businesses. These
                                               special purpose programs are not                         proceeds can be used for physical
LOAN PROGRAM                                   necessarily for all businesses but may be                improvements that benefit the property.
                                                                                                      • The Small Asset-Based Line is a
   The CommunityExpress Pilot Loan             very applicable to some small businesses.
                                                                                                        revolving line of credit (up to $200,000)
Program provides streamlined business          They are generally governed by the same                  that provides short term working
financing and management and technical         rules, regulations, fees, interest rates, etc. as        capital. These lines are generally used
assistance to small businesses located in      the regular 7(a) loan guaranty. Lenders can              by businesses that provide credit to their
distressed or underserved markets. The         advise you of any variations.                            customers. Disbursements are based on
CommunityExpress program is offered                                                                     the size of a borrower’s accounts
through hundreds of selected SBA lenders       CAPLines                                                 receivable and/or inventory. Repayment
throughout       the     nation.     Under        The CAPLines program is designed to                   comes from the collection of accounts
CommunityExpress, approved lenders             help small businesses meet their short-term              receivable or sale of inventory. It does
may use streamlined and expedited loan         and cyclical working capital needs. There                require     periodic    servicing     and
review and approval procedures to process                                                               monitoring of the collateral for which
                                               are five loan programs under the CAPLines
SBA-guaranteed loans. These lenders may                                                                 the lender can charge up to two percent
                                               umbrella. The programs can be used to                    annually to the borrower.
thus use, to the maximum extent possible,
their own loan analysis, loan procedures,      finance seasonal working capital needs;                • The Standard Asset-Based Line is
and loan documentation to process SBA          finance the direct costs of performing                   similar to the Small Asset-Based Line,
loans to $250,000. However, borrowers          certain construction, service and supply                 but for loan amounts over $200,000. It
must receive technical assistance to qualify   contracts; finance the direct cost associated            does require stricter servicing and
                                                                                                        monitoring and the lender may pass
for this program.                              with      commercial      and     residential
                                                                                                        these costs along to the borrower.
                                               construction; finance operating capital by
COMMUNITYEXPRESS LENDERS                       obtaining advances against existing
Bank of America, NA                            inventory and accounts receivable; and              EXPORT ASSISTANCE
     888-287-4637                              consolidate short-term debt. SBA provides
                                               up to an 85 percent guarantee. There are
                                                                                                   TRADE FINANCING                                                                            The SBA has help for existing small
                                               five distinct programs under the CAPLine
Borrego Springs Bank, NA                                                                           businesses wanting to export goods and
     866-644-0042                                                                                  services.
                                                  • The Contract Loan Program is used to                     finance material and labor needs for a
First Financial Bank
                                                    specific contract or contracts. Proceeds
                                                    can be disbursed before the work begins.
                                                                                                   U.S. EXPORT ASSISTANCE
                                                    If used for one contract, it is generally      CENTER (USEAC)
                                                    not revolving; if used for more than one          U.S. Export Assistance Centers, a
                                                    contract at a time, it can be revolving.
Innovative Bank                                     The loan maturity is usually based on
                                                                                                   partnership between SBA, U.S. Department
     866-812-1216                                   the length of the contract, but no more        of Commerce staff and the Export-Import                                                                        Bank of the U.S. in a single location,
                                                    than five years. Contract payment must
                                                    be sent directly to the lender.                provide trade promotion and export-
SunTrust Bank                                     • The Seasonal Line of Credit Program
     877-370-5108                                                                                  finance assistance for small businesses. The
                                                    is used to support buildup of inventory,       USEACs also work closely with other
                                                    accounts receivable or labor and
                                                                                                   federal, state and local international trade
Superior Financial Group, LLC                       materials above normal usage for
                                                    seasonal inventory. The business must          organizations. To find the nearest USEAC,
     877-675-0500                                                                                  go    to:
     925-899-8449 (Sue Malone, Rep.)                have been in business for a period of 12                             months and must have a definite                sbaprograms/ internationaltrade/useac/index.
                                                    established seasonal pattern. The loan         html.
TD Bank                                             may be used over again after a “clean-         Dan Holt
     888-751-9000                                   up” period of 30 days to finance activity         International Finance Specialist                                 for a new season. These also may have a           U.S. Export Assistance Center
                                                    maturity of up to five years. The                 521 E. Morehead St., Ste. 435
Wachovia Small Business Capital                     business may not have another seasonal            Charlotte, NC 28202
     888-850-6055                                   line of credit outstanding but may have           704-333-2130 • 202-481-0936 Fax                            other lines for non-seasonal working    
                                                    capital needs.
Wells Fargo Bank, NA                              • The Builders Line Program provides
     800-416-8658                                   financing for small contractors or             EXPORT WORKING CAPITAL                             developers to construct or rehabilitate
                                                    residential or commercial property. Loan
                                                    maturity is generally three years but can         The SBA’s Export Working Capital
SPECIAL PURPOSE 7(A) LOAN                           be extended up to five years if necessary
                                                    to facilitate sale of the property. Proceeds
                                                                                                   Program assists lenders in meeting the
                                                                                                   needs of exporters seeking short-term
PROGRAMS                                            are used solely for direct expenses of
                                                    acquisition, immediate construction
                                                                                                   export working capital. This program
                                                                                                   enables U.S. exporters to obtain loans to
   The 7(a) program is the most flexible of         and/or significant rehabilitation of the       fund their direct export costs. The EWCP
SBA’s lending programs. The agency has              residential or commercial structures. The      supports single transactions or revolving
created several variations to the basic 7(a)        purchase of the land can be included if it     lines. The maximum dollar amount of an
program to address the particular financing         does not exceed 20 percent of the loan

Visit us online:                                                                        SOUTH CAROLINA Small Business Resource —   25
export line of credit under this program is                                                           • To support the applicant’s domestic sales.
$2 million. SBA guarantees up to 90% of a                                                             • To acquire fixed assets or capital goods
loan amount or $1.5 million, whichever is                                                               for the applicant’s business.
less. Loan maturities are generally for a                                                             • To acquire, equip, or rent commercial
term of 12 months. The guaranty can be                                                                  space overseas.
reissued for an additional 12 months                                                                  • To serve as a Warranty Letter of Credit.
through an abbreviated application
process. The guaranty fee the SBA charges                                                           Collateral Requirements
is 0.25 percent of the guaranteed amount of                                                           Same as the SBA EWCP.
the loan for the initial 12 months. The
borrower negotiates the interest rate and all                                                       How to Apply
other fees with the lender. The program                                                               A small business exporter seeking a co-
offers flexible terms, low fees and a quick                                                         guaranteed loan must apply to a lender
processing time. For information, see                                                               that is a participant in SBA’s 7(a) Loan                                                         Guaranty Program. PLP and SBAExpress
aloantopics/SpecialPurposeLoans/ewcp/index                                                          processing are not permitted. The lender
.html                                                                                               must submit a completed Joint Application
Eligibility of Exporter
                                                                                                    for Working Capital Guarantee and loan
  You must have an operating history of at
least one year – not necessarily in                                                                 package to SBA. SBA evaluates and
exporting. The SBA may waive this                                                                   processes the application in accordance
requirement if you have sufficient export                                                           with SBA rules for its Export Working
trade experience or other managerial                                                                Capital Program.
experience.                                       SBA Ex-Im Bank Co-Guarantee
Eligible Buyers
   The foreign buyer must be a
                                                     This is designed to provide small              INTERNATIONAL TRADE LOAN
                                                  business exporters the ability to obtain
creditworthy entity located in an acceptable
                                                  larger export working capital loans through       PROGRAM*
foreign country, to both the lender and                                                                The program helps small businesses
SBA.                                              the Export Working Capital Program than
                                                  SBA could support alone. This program             engaged or preparing to engage in
Use of EWCP Proceeds:                             enables U.S. exporters to obtain loans that       international trade as well as small
  • To acquire inventory for export or to be      facilitate the export of goods or services.       businesses      adversely     affected    by
    used to manufacture goods for export.         Under this program, the total export              competition from imports. This program
  • To pay the manufacturing costs of goods       working capital line, with a 90 percent           allows for an increased maximum dollar
    for export.                                                                                     amount of SBA guaranty outstanding to
  • To purchase goods or services for export.
                                                  guarantee, cannot exceed $2 million. Loan
                                                                                                    any one business (and affiliates) from $1.5
  • To support standby letters of credit          maturities are generally for a term of 12
                                                                                                    million to $1.75 million. In order to reach
    related to export transactions.               months. At the end of the 12-month
                                                                                                    the $1.75 million SBA guaranty ceiling, the
  • For pre-shipment working capital              maturity, a borrower may reapply for a
    directly related to export orders.
                                                                                                    borrower must have an international trade
                                                  new guarantee. The SBA guarantee fee is           loan as well an SBA working capital loan or
  • For post-shipment foreign accounts            0.25 percent of the guaranteed amount of
    receivable financing.                                                                           line of credit. The international trade loan
                                                  the loan for the initial 12 months. The           provides an SBA guarantee up to $1.5
Ineligible Use of Proceeds                        guarantee fee that Ex-Im Bank charges is          million of a term loan used for the
  • To support the applicant’s domestic sales.    0.25 percent on the loan amount that is           acquisition, construction, renovation,
  • To acquire fixed assets or capital goods      guaranteed by them. The borrower                  modernization, improvement or expansion
    for the applicant’s business.                 negotiates the interest rate and all other fees   of long-term fixed assets or the refinancing
  • To support a sale where the exporter is       with the lender.                                  of an existing loan used for these same
    not taking title to the goods.
  • To acquire, equip, or rent commercial                                                           purposes. In addition a borrower may
    space overseas.
                                                  Eligibility of Exporter                           have a separate working capital loan (term
  • To serve as a warranty letter of credit.        The same as for the SBA EWCP Program.           or line of credit) with a maximum SBA
                                                                                                    guaranty of $1.25 million. When combined,
Collateral Requirements                           Eligible Buyers                                   the maximum SBA guaranty outstanding
  • Collateral for the manufacturing sector         The foreign buyer must be a                     to any one business is $1.75 million. The
    typically consists of a first lien on all     creditworthy entity located in an acceptable      SBA guaranty fee and interest rates are the
    export-related inventory and export
                                                  country in conformity with the Ex-Im              same as for any standard 7(a) loans.
    related accounts receivable.
  • Collateral for the service sector typically   Bank’s Country Limitation Schedule.
    consists of assignment of proceeds of                                                           Eligibility of Exporter
    export-related contracts or purchase          Use of Proceeds                                     • Applicants must meet the same eligibility
    orders and a first lien on export-related       Same as the SBA EWCP.                               requirements for a 7(a) loan.
    accounts receivable.                                                                              • Applicant must establish the loan will
  • Other collateral may be required.                                                                   significantly expand or develop an export
                                                  Ineligible Use of Proceeds                            market, or the applicant has been
                                                    • Goods or services with less than 50
How to Apply                                          percent U.S. content.
                                                                                                        adversely affected by import competition,
   A small business exporter seeking a                                                                  and, in addition the applicant must show
                                                    • To support the export of any Defense
guaranteed EWCP loan must apply to a                                                                    that upgrading equipment or facilities
                                                      Articles or Defense Services.
lender.                                                                                                 will improve its competitive position.

26 — Small Business Resource   SOUTH CAROLINA                                                                             Visit us online:
   • If eligibility is based on entering or            product literature for foreign markets,        How to Apply
     expanding export sales, the applicant             and other activities designed to initiate or      The application process is the same for
     must submit a one or two page                     expand the applicant’s export of its
     international business plan, including            products/services from the U.S.;
                                                                                                      the SBAExpress, except the applicant must
     sufficient information to reasonably          •   Provide transaction-specific financing for     demonstrate that loan proceeds will enable
     support the likelihood of expanded                overseas orders;                               it to enter a new export market or expand
     export sales.                                 •   Provide revolving lines of credit for          an existing export market. The applicant
                                                       export purposes, the term of which must        must submit to the lender a plan that
Use of Proceeds                                        not exceed seven years. In some                includes projected export sales for the
   • For facilities or equipment, including            instances, as a normal course of business,
                                                                                                      upcoming year as well as the dollar volume
     purchasing land and building(s);                  the borrower may use portions of
                                                       revolving lines of credit for domestic         of export sales for the previous year.
     building new facilities; renovating,
     improving, or expanding existing                  purposes, but no less than 70 percent of          *Terms and conditions of the Export
     facilities; purchasing or reconditioning          the revolver to be used for export related     Express, as noted above, are being
     machinery, equipment and fixtures; and            purposes;                                      evaluated for modification to include
     making other improvements that will be        •   Provide term loans and other financing to      increased lending limit and transparency
     used within the United States for                 enable small business concerns, including
                                                                                                      of processing.
     producing goods or services.                      small business export trading companies
                                                       to develop foreign markets; and
Collateral Requirements - Collateral
                                                   •   Acquire, construct, renovate, modernize,
                                                       improve or expand production facilities
                                                                                                      COMMUNITY ADJUSTMENT
requirements are the same as for regular               or equipment to be used in the U.S. in the     AND INVESTMENT PROGRAM
7(a) loans.                                            production of goods or services to be             The Community Adjustment &
  How to Apply - A small business                      exported from the U.S.
                                                                                                      Investment Program helps communities
exporter seeking a guaranteed loan must                                                               that suffered job losses due to changing
apply to an SBA participating lender. Call        Ineligible Use of Proceeds                          trade patterns following the North
your local SBA District Office for a list of         Proceeds may not be used to finance
                                                  overseas operations, other than those               American Free Trade Agreement. The
participating lenders.                                                                                North American Development Bank has
  *The International Trade Loan is                strictly associated with the marketing
                                                  and/or distribution of products/services            partnered with the SBA and the U.S.
currently being reviewed for modification.                                                            Departments of Agriculture and the
                                                  exported from the U.S.
Please check with your local SBA District
Office or U.S. Export Assistance Center for
the latest information on this loan

   The Export Express program is designed
to help SBA meet the export financing
needs of small businesses. It is a
subprogram of SBAExpress and is therefore
subject to the same loan processing,
making, closing, servicing, and liquidation
requirements as well as the same maturity
terms, interest rates, and applicable fees as
for other SBA loans except as noted below.
The total Export Express loan cannot
exceed $250,000. SBA guarantees 85
percent for loans of $150,000 and under and
75 percent for loans over $150,000 to
$250,000. SBA allows participating lenders
to make their own credit decisions. SBA
provides a quick processing time, less than
36 hours.
Eligible Buyers – The foreign buyer must
be a creditworthy entity located in an
acceptable country.

Use of Proceeds
   • Finance standby letters of credit used for
     either bid or performance bonds;
   • Finance export development activities
     such as export marketing and
     promotional activities, participation in
     foreign trade shows, translation of

Visit us online:                                                                           SOUTH CAROLINA Small Business Resource —   27
Treasury to make credit available to                • Most borrowers are required to make an          CSRA Business Lending
businesses in affected communities to help            injection (borrower contribution) of just       Augusta, GA
create or retain jobs.                                10 percent which allows the business to            706-210-2010
                                                      conserve valuable operating capital. A   
                                                      further injection of 5 percent is needed if        Serving Abbeville, Aiken, Allendale, Barnwell,
SBA’S NON-7(A) LOAN                                   the business is a start-up or new (less
                                                      than 2 years old) and a further injection of
                                                                                                         Edgefield, McCormick and Saluda counties

PROGRAMS                                              5 percent is also required if the primary       Catawba Regional Development
  In addition to the 7(a) Loan Program SBA            collateral will be a single purpose             Corporation
                                                      building.                                       Rock Hill
has four other non-disaster assistance                                                                   803-327-9041
                                                    • Two-tiered project financing: a lender
programs which can help small businesses              finances approximately 50 percent of the 
gain access to capital and bonding.                   project cost and receives a first lien on the      Serving South Carolina
                                                      project assets (but no SBA guaranty); A
                                                                                                      Certified Development Corporation of SC
CERTIFIED DEVELOPMENT                                 CDC (backed by a 100% SBA-guaranteed
                                                      debenture) finances up to 40% of the            Columbia
COMPANY LOAN PROGRAM                                  project costs secured with a junior lien.
                                                      The borrower provides the balance of the
(504 LOANS)                                           project costs.                                     Serving South Carolina
   The 504 Loan Program is an economic              • Fixed interest rate on SBA loan. SBA
                                                      guarantees the debenture 100 percent.           Coastal Area District Development
development program that supports                                                                     Authority
                                                      Debentures are sold in pools monthly to
American small business growth and helps                                                              Savannah, GA
                                                      private investors. This low, fixed rate is
communities through business expansion                then passed on to the borrower and                 912-236-9566
and job creation. This SBA program                    establishes the basis for the loan rate. A
provides long-term, fixed-rate, subordinate           recent history of debenture rates may be
                                                                                                         Serving Beaufort, Hampton and Jasper
mortgage financing for acquisition and/or                                                                counties
                                                      found at
renovation of capital assets including land,        • All project-related costs can be financed,
                                                                                                      Provident Business Financial Services
buildings and equipment. Most for-profit              including acquisition (land and building,
                                                                                                      West Columbia
small businesses are eligible for this                land and construction of building,
                                                      renovations, machinery and equipment)
program. The types of businesses excluded                                                      
                                                      and soft costs, such as title insurance and        Serving South Carolina
from 7(a) loans (listed previously) are also          appraisals. Some closing costs may be
excluded from the 504 loan program.                   financed.
   Loans are provided through Certified                                                               Small Business Assistance Corporation
                                                    • Collateral is typically a subordinate lien      (SBAC)
Development Companies. CDCs work                      on the assets financed; allows other assets     Savannah, GA
with banks and other lenders to make loans            to be free of liens and available to secure        912-232-4700
in first position on reasonable terms,                other needed financing.                  
helping lenders retain growing customers            • Long-term real estate loans are up to 20-          Serving Beaufort, Hampton and Jasper
and provide Community Redevelopment                   year term, heavy equipment 10 or 20-year           counties
Act credit.                                           term and are self-amortizing.
   The SBA 504 loan is distinguished from         Businesses that receive 504 loans are:
the SBA 7(a) loan program in these ways:            • Small — net worth under $8.5 million, net       MICROLOAN PROGRAM
                                                      profit after taxes under $3 million, or            The Microloan Program provides small
The maximum debenture, or long-term                   meet other SBA size standards.                  loans ranging from under $500 to $35,000.
loan, is:                                           • Organized for-profit.                           Under this program, the SBA makes funds
  • $1.5 million for businesses that create a       • Most types of business — retail, service,
    certain number of jobs or improve the
                                                                                                      available to nonprofit intermediaries that,
                                                      wholesale or manufacturing.                     in turn, make the loans directly to
    economy of the locality;                         The SBA’s 504 certified development
  • $2 million for businesses that meet a                                                             entrepreneurs,    including      veterans.
    specific public policy goal, including
                                                  companies serve their communities by                Proceeds can be used for typical business
    veterans; and                                 financing business expansion needs. Their           purposes such as working capital,
  • $4 million for manufacturers.                 professional staffs works directly with             machinery and equipment, inventory and
     Recent additions to the program allow        borrowers to tailor a financing package that        leasehold improvements. Interest rates are
$4 million for each project that reduces the      meets program guidelines and the credit             negotiated between the borrower and the
borrower’s energy consumption by at least         capacity of the borrower’s business. For            intermediary.
10 percent; and $4 million for each project                                                              For    more   information,     go    to
                                                  information, visit,
that generates renewable energy fuels, such                                                 , then choose “SBA
                                                  then choose “SBA Loans” from the links in           Loans” from the links in the right-hand
as biodiesel or ethanol production. Projects
                                                  the right-hand column.            Click on          column. From there, click on “Micro
eligible for up to $4 million under one of
these two requirements do not have to meet        “CDC/504 Program.”                                  Loans.”
the job creation or retention requirement, so                                                         The Charleston Citywide Local
                                                  CDC/504 PROGRAM LENDERS                             Development Corporation
long as the CDC portfolio average is at least
$50,000.                                                                                                 75 Calhoun St., 3rd Fl.
                                                  Appalachian Development Corporation                    Charleston, SC 29401
  • Eligible project costs are limited to long-   Greenville
    term, fixed assets such as land and
    building (occupied by the borrower) and                                  Serving Berkeley, Charleston and Dorchester
    substantial machinery and equipment.             Serving South Carolina                              counties
    Working capital is not an eligible use of

28 — Small Business Resource   SOUTH CAROLINA                                                                                Visit us online:
                                                   CapitalSouth Partners                          DFW Capital Partners
SMALL BUSINESS                                        Charlotte, NC                                  Teaneck, NJ
INVESTMENT COMPANY                                    704-376-5502
PROGRAM                                               Investment Size Range:                         Investment Size Range:
   There are a variety of alternatives to bank        $5 million - $25 million                       $5 million - $20 million
financing for small businesses, especially            Type of Capital Provided:                      Type of Capital Provided:
business start-ups. The Small Business                Preferred and common equity, subordinated      Common, convertible & preferred stock,
                                                      debt                                           subordinated debt
Investment Company Program fills the gap
                                                      Industry Focus:                                Industry Focus:
between the availability of venture capital           Building products, business services,          Business services (including IT, HR, sales,
and the needs of small businesses in start-           consumer/retail, industrial, healthcare,       etc.), industrial services (including logistics
up and growth situations. Licensed and                technology                                     management, operations support, etc.),
regulated by the SBA, SBICs are privately                                                            healthcare-related services
owned and managed investment funds                 Capital Southwest Venture Corp.
that make capital available to qualifying             Dallas, TX                                  Dogwood Equity
U.S. small businesses through investments             972-233-8242                                   Raleigh, NC
or loans. They use their own funds plus                            919-256-5000
funds obtained at favorable rates with SBA            Investment Size Range:               
guarantees. SBICs are for-profit firms                $2 million - $20 million                       Investment Size Range:
whose incentive is to share in the success of         Type of Capital Provided: Equity               $4 million - $10 million
a small business. In addition to equity and           Industry Focus: Diverse                        Type of Capital Provided:
                                                                                                     Buy-out and later-stage growth investments
debt     investments,       SBICs     provide
                                                                                                     Industry Focus:
managerial, operational and technical                                                                Manufacturing, distribution, service,
assistance. The SBIC Program provides                                                                consumer products
funding for a broad range of industries and
stage of investment, in areas across the
country. Some SBICs invest in a particular
field or industry while others invest more
generally. Most SBICs concentrate on a
particular stage of investment such as start-
up or expansion and focus on a specific
geographic area. For more information visit
SBICs Serving South Carolina
Banyan Mezzanine Fund
     Miami, FL
     Investment Size Range:
     $2 million - $8 million
     Type of Capital Provided:
     Subordinated debt
     Industry Focus:
     Growing industries

BB&T Capital Partners
     Charlotte, NC
     Investment Size Range:
     $5 million - $15 million
     Type of Capital Provided:
     Equity and subordinated debt
     Industry Focus:
     All industries except high technology, real
     estate and financial services
Brookside Pecks Capital Partners
     NY, NY
     Investment Size Range:
     $3 million - $8 million
     Type of Capital Provided:
     Subordinated debt
     Industry Focus:

Visit us online:                                                                       SOUTH CAROLINA Small Business Resource —    29
JHW Greentree Capital                              Plexus Capital                                   companies for individual contracts of up to
    New Canaan, CT                                    Charlotte, NC                                 $2 million ($5 million under the American
    203-716-6100                                      704-927-6245                                  Recovery and Reinvestment Act) on behalf                                                 of eligible small construction, service, and
    Investment Size Range:                            Investment Size Range:                        supply contractors. The SBA reimburses
    $3 million - $15 million                          Information not available                     sureties a predetermined percentage of
    Type of Capital Provided:                         Type of Capital Provided:                     losses sustained if a contractor breaches the
    Private equity                                    Preferred and common equity, subordinated
    Industry Focus:                                   debt
                                                                                                    terms of the contract.
    General manufacturing, business &                 Industry Focus:                                  The SBA has two program options
    industrial services, consumer products,           Business services, consumer services,         available, the Prior Approval Program
    healthcare, franchising-based businesses,         manufacturing, value-add distribution,        (Plan A) and the Preferred Surety Bond
    technology, media                                 healthcare                                    Program (Plan B). In the Prior Approval
                                                                                                    Program, SBA guarantees 90 percent of a
Morgan Keegan Mezzanine Fund                       Prairie Capital Mezzanine Fund                   surety’s paid losses and expenses on
    Nashville, TN                                     Chicago, IL                                   bonded contracts up to $100,000, and on
    615-665-3620                                      312-360-1133                                  bonds for socially and economically                                            disadvantaged and HUBZone contractors
    Investment Size Range:                            Investment Size Range:
                                                      $10 million - $20 million
                                                                                                    and veterans and service-disabled veterans.
    $1 million - $10 million                                                                        All other bonds guaranteed in the Plan A
    Type of Capital Provided:                         Type of Capital Provided:
                                                      Common & preferred stock, subordinated        Program receive an 80 percent guarantee.
    Subordinated debt
                                                      debt                                          Sureties must obtain SBA’s prior approval
    Industry Focus:
    Service and manufacturing                         Industry Focus: Diverse                       for each bond guarantee issued. Under the
                                                                                                    PSB Program, SBA guarantees 70 percent,
Oberlin Capital                                    Salem Capital Partners                           but sureties may issue, monitor and service
    Winston-Salem, NC                                 Winston-Salem, NC                             bonds without SBA’s prior approval.
    336-725-0056                                      336-768-9343                                     For more information on the Surety Bond                                           Guarantee Program, visit SBA’s Web site at
    Investment Size Range:                            Investment Size Range:              
    $1 million - $4 million                           $2 million - $10 million
    Type of Capital Provided:                         Type of Capital Provided:                     Surety Bond Companies
    Mezzanine capital, equity                         Subordinated debt                             Serving South Carolina
    Industry Focus:                                   Industry Focus: Diverse
    All industries except real estate and                                                           Barbour Group, LLC
    financial services                             Westbury Equity Partners                            Westminster, MD
                                                      Hauppauge, NY                                    410-876-9610
Peachtree Equity                                      631-231-4121                           
    Atlanta, GA                                            
    404-870-8900                                      Investment Size Range:                           Information not available                     Blair Insurance Services, Inc.
    Investment Size Range:                            Type of Capital Provided:                        Altoona, PA
    $3 million - $10 million                          Mezzanine capital, preferred equity              814-946-9486
                                                      Defense & security, IT, business process
    Type of Capital Provided:                         Industry Focus:                        
    Subordinated debt, equity                                                                
    Industry Focus:                                   outsourcing, government services, specialty
    Manufacturing, business services,                 manufacturing                                 Construction Bonds Inc.
    government contracting, financial services                                                         Fairfax, VA
                                                   THE SURETY BOND                                     703-934-1000
Petra Capital Partners
    Nashville, TN
                                                   GUARANTEE PROGRAM                         
                                                     The Surety Bond Guarantee Program is a
    615-313-5999                                                                                    JW Bond Consultants, Inc.
                                                   public-private partnership between the
                                                                                                       Pipersville, PA
    Investment Size Range:                         federal government and the surety                   215-766-1990
    $2 million - $8 million                        industry providing small businesses with  
    Type of Capital Provided:                      the bonding assistance necessary for them 

                                                                                                    McCartha, Cobb & Associates, Inc.
    Subordinated debt                              to compete for government and private
    Industry Focus:                                contracting opportunities. The guarantee
    Healthcare services, telecommunications, IT,   provides the necessary incentive for                1407 Calhoun St.
    information/media                              sureties to bond small businesses that              Columbia, SC 29201
                                                   would otherwise be unable to obtain                 803-799-3474
                                                   bonding. The program is aimed at small     
                                                   businesses that lack the combination of   
                                                   working capital and performance track
                                                   record necessary to secure bonding on a          Wells Fargo Insurance Services of NC,
                                                   reasonable    basis    through     regular
                                                                                                       Burlington, NC
                                                   commercial channels.                                919-800-9417
                                                     Through this program, the SBA           
                                                   guarantees bid, payment, performance and  
                                                   necessary ancillary bonds issued by surety

30 — Small Business Resource   SOUTH CAROLINA                                                                             Visit us online:
Visit us online:   SOUTH CAROLINA Small Business Resource —   31
                                                BUSINESS PREPARATION

                                   SMALL BUSINESS
                 TRAINING NETWORK
                                How to Get Equipped With Business Intelligence

            he Small Business Training           Key Features of the SBTN:

tools and direct access to electronic
counseling and other forms of technical
            Network is an Internet-based
            training site. It provides small
            businesses with free online
            courses, workshops, learning
                                                  • Training is available anytime and
                                                    anywhere—all you need is a computer
                                                    with Internet access.

                                                  • More than 23 free online courses and
                                                    workshops available
                                                                                             • Online, interactive assessment tools are
                                                                                               featured and used to direct clients to
                                                                                               appropriate training.

                                                                                            Find the SBTN at

32 — Small Business Resource   SOUTH CAROLINA                                                                      Visit us online:
                                      CONTRACTING OPPORTUNITIES

                  OPPORTUNITIES    How to Apply for Government Contracts
      The federal government is
      t h e l a rge s t p urch a s e r o f
      goods and services in the
      world. However, small businesses
      face challenges when trying to win
      federal contracts. The SBA can help
      small businesses work through these
      challenges. Working closely with
      federal agencies and the nation’s
      leading large contractors, the SBA
      works to ensure that small
      businesses obtain a fair share of
      government         contracts    and
      subcontracts. The SBA has a number
      of programs to help small firms do
      business     with     the    federal
      For more information, visit:

THE PRIME                                       opportunities for small businesses. CMRs         the apparent successful offeror. The SBA
CONTRACTS PROGRAM                               conduct compliance reviews to ensure that        will conduct a detailed review of the firm’s
                                                large businesses comply with small               technical and financial capabilities to
   Through the Prime Contracts Program,
                                                business subcontracting requirements.            perform on the contract. If the business
the SBA helps to ensure small businesses
                                                They also provide guidance to assist small       demonstrates the ability to perform, the
get fair opportunities to share federal         businesses in identifying subcontracting
government prime contracts. SBA                                                                  SBA issues a certificate of competency to
                                                opportunities and marketing their products       the contracting officer, requiring award of
procurement center representatives work         and services to these large contractors.
to expand contracting opportunities for                                                          that contract to the small business.
                                                   CMRs also work with agencies to ensure
small businesses. PCRs review contracting       subcontracting with small and small,
strategies and actions, to identify contracts
for which small businesses can compete.
                                                disadvantaged businesses, women-owned
                                                small businesses, HUBZone firms and
                                                                                                 SMALL BUSINESS
   Visit the SBA’s Office of Government         small businesses owned by service-               SIZE STANDARDS
Contracting home page at:        disabled veterans through inclusion of              The Small Business Act states that a
for a listing of PCRs and buying                subcontracting evaluation factors and sub-       small business concern is “one that is
installations nationwide.                       factors.                                         independently owned and operated and
                                                                                                 which is not dominant in its field of
THE SUBCONTRACTING                              THE CERTIFICATE OF                               operation.” The law also states that in
                                                                                                 determining what constitutes a small
ASSISTANCE PROGRAM                              COMPETENCY PROGRAM                               business, the definition will vary from
   The Subcontracting Assistance Program           The Certificate of Competency program         industry to industry to reflect industry
promotes maximum use of small                   allows a small business to appeal a              differences accurately. The SBA’s Small
businesses by the nation’s large prime          contracting officer's determination that it is   Business Size Regulations (13 CFR Part 121,
contractors. The SBA’s commercial market        unable to fulfill the requirements of a
representatives work with large businesses      specific government contract on which it is      implement the Small Business Act’s
to identify and expand subcontracting                                                            mandate to the SBA.

Visit us online:                                                                      SOUTH CAROLINA Small Business Resource —   33
   The SBA has also established a table of
size standards, matched to North American
Industry Classification System industries,
used to determine eligibility for SBA
programs and small business preferences
for federal government contracts.
   See more at:,
then click on “Size Standards” under the
“Contracting Opportunities” menu across
the bottom.

Size Determination
  The Size Determination Program,
administered by SBA’s six government
contracting area offices, ensures that only
small firms receive contracts and other            business type, ownership, SBA certification,    To qualify for the program, a business
benefits reserved exclusively for small            and by women, minority, veteran and             must meet the following criteria:
businesses. When a firm’s claim that it is         service-disabled veteran ownership. The           • It must qualify as a small business under
                                                   DSBS serves as a marketing tool for small           SBA size standards, corresponding to its
small is challenged, the SBA determines if
                                                                                                       primary industry classification;
the firm, including all of its affiliates, meets   businesses because the business profiles in
                                                                                                     • Its principal office must be located within
established SBA size standards. Size               the DSBS include information from SBA’s             a HUBZone, which includes lands on
determinations may also be made when               files and other available databases plus            federally recognized Indian reservations
requested in connection with other federal         additional business and marketing                   and covered by the phrase “Indian
small business programs.                           information on individual firms.                    Country”;
  Additional information is available at the           To search the DSBS for small businesses,      • It must be owned (at least 51 percent) by
                                                   click on:          one or more U.S. citizens, Community
above “Size Standards” site.                                                                           Development           Corporation,       an
                                                   dspdsbs.cfm or select the “Dynamic Small            agricultural cooperative, an Indian tribe;
                                                   Business Search” at the CCR Web site at:
SMALL BUSINESS VENDOR                    
                                                                                                     • At least 35 percent of its employees must
DATABASE                                               Registration in the DSBS is through the         reside in a HUBZone.
   The SBA works with the integrated               CCR. For more information on CCR, or to            Existing businesses that choose to move
acquisition community to provide a                 register, click the CCR Web site. Before        to qualified areas are eligible. To fulfill the
database of vendors, including small               registering in CCR, go to the top of the Web    requirement that 35 percent of a HUBZone
businesses. The Central Contractor                 page and download the handbook which            firm’s employees reside in a HUBZone,
Registration System is the primary gateway         contains data for a successful registration.    employees must live in a primary residence
vendor and grantee database for the federal                                                        within that area for at least 180 days or be a
                                                                                                   currently registered voter in that area.
government. CCR collects, stores and
disseminates data to support agency
                                                   HUBZONE PROGRAM                                    For additional information regarding
                                                      The Historically Underutilized Business      the HUBZone Program, please visit:
acquisition and grants missions. Both
                                                   Zone Program stimulates economic      
current and potential federal government
                                                   development and creates jobs in urban and       rtunities/contracting/hubzone/index.html/.
vendors and grantees are required to
                                                   rural communities by providing federal
register in CCR to receive federal contracts
                                                   contracting assistance to small businesses.
or grants. Vendors are required to complete
                                                      The HUBZone program establishes              ASSISTANCE FOR SMALL AND
a one-time registration to provide basic
information relevant to procurement, grant
                                                   preferences for award of federal contracts      DISADVANTAGED BUSINESSES
                                                   to small businesses located in historically
and financial transactions.
   Vendors must update or renew their
                                                   underutilized business zones.                   8(a) Business Development
registration at least once a year to maintain
                                                      In general, small businesses may obtain
                                                   HUBZone certification by employing staff
an active status. The SBA provides the CCR                                                            The SBA’s Section 8(a) Business
                                                   who live in a HUBZone and maintaining a
with authoritative source information                                                              Development Program provides various
                                                   “principal office” in one of these specially
regarding certifications under 8(a) Business                                                       forms of assistance (management and
                                                   designated areas.
Development and HUBZone programs and                                                               technical assistance, financial assistance,
                                                   SBA is responsible for:
provides the small business size status              • Determining whether or not individual
                                                                                                   government contracting assistance and
against each North American Industry                   concerns are qualified HUBZone small        advocacy support) to foster the growth and
Classification code listed in a registrant’s           business concerns, and therefore eligible   development of businesses owned and
profile.                                               to receive HUBZone contracts;               controlled by one or more socially and
   SBA maintains the Dynamic Small                   • Maintaining a list of qualified HUBZone     economically disadvantaged individuals.
                                                       small business concerns for use by          SBA assists these businesses, (during a
Business Search function of the CCR.
                                                       acquisition agencies in awarding
Businesses profiled on the DSBS can be                                                             nine-year tenure in the 8(a) Business
                                                       contracts under the program; and
searched by NAICS codes, keywords,                   • Adjudicating protests and appeals of        Development Program), to gain access to
location, quality certification, bonding level         eligibility to receive HUBZone contracts.   the resources necessary to develop their

34 — Small Business Resource   SOUTH CAROLINA                                                                             Visit us online:
businesses and improve their ability to
compete in the mainstream of the
American economy.
   Business    development       assistance
includes one-to-one counseling, training
workshops, and other management and
technical guidance required to expand into
the federal government contracting arena.
   The SBA enters into contracts with other
federal agencies and subcontracts the
performance of such contracts to eligible
8(a) program participants.

Eligibility Criteria:
To participate in the 8(a) program, a
business must be:                                admission, net worth must be less than                Other than its list of certified 8(a) firms,
  • a small business concern
                                                 $750,000. In determining such net worth,           SBA will no longer maintain a list of
  • owned by one or more U.S. citizens
  • at least 51 percent unconditionally owned
                                                 SBA will exclude the ownership interest in         certified SDB firms. The 8(a) Business
    and controlled by one or more an             the applicant business and the equity in the       Development Program is not affected by
    individual(s) who qualify as socially and    primary residence.                                 this rule. Firms may continue to apply on-
    economically disadvantaged                                                                      line for 8(a) Certification.
  • established for two full years before        Day-to-Day Management:
    applying (or qualifying for a waiver of        • Management and daily business
    the two-year rule)                               operations must be controlled by the           Applying Online For 8(a) Program
                                                     disadvantaged individual(s) upon whom          Certification
Social disadvantage:                                 eligibility is based.                          Prior to applying for the 8(a) Program, each
                                                   • The       individual(s)  must      have        firm is urged to take an on-line training and
   Socially disadvantaged is defined as
                                                     management or technical expertise.             self-evaluation course. To get to the course,
individuals who have been subjected to
                                                   For additional information on the 8(a)           click on, then choose the
racial or ethnic prejudice or cultural bias
                                                 Business Development Program, visit:               drop-down menu “Services.” Click on
because of their identity as a member of a
                                                  “Contracting Opportunities For Small
group without regard to their individual
                                                 8abd/index.html.                                   Business Owners,” then open the “SBA
capabilities. The following individuals are
                                                                                                    Program Office” listing underneath “Local
presumed to be socially disadvantaged:           Small Disadvantaged Business                       Resources” on the right-hand column.
Black Americans, Native Americans,
                                                 Certifications                                     From there, click on 8(a) Business Dev.
Hispanic Americans, Asian Pacific                   To qualify as a small disadvantaged             Then from the center area, click on “Apply
Americans and Subcontinent Asian                 business, a firm must be owned and                 for 8(a) Business Development Program
Americans. An individual who is not a            controlled by one or more individuals who          Certification. The first section of the online
member of one of the groups presumed to          are      socially    and       economically        course explains the 8(a) Program in detail,
be socially disadvantaged must establish         disadvantaged. Congress has directed that          ending in an eligibility self-assessment test.
individual social disadvantage by a              individuals who are members of certain             The test consists of a series of simple yes or
preponderance of the evidence. Anyone            ethnic groups are presumed to be                   no questions that evaluate the degree to
may apply for 8(a) Program certification.        disadvantaged. Other persons, including            which your firm meets the basic
   For additional information regarding          women and persons of any race, can also            qualifications for the 8(a) Program. If you
evidence of social disadvantage, please          qualify by establishing their disadvantaged        meet the basic eligibility criteria, you will
visit:       status.                                            be allowed to apply immediately for the
sbaprograms/8abd/index.html.                        Firms seeking to be SDB-certified may           8(a) Program via the electronic on-line
                                                 certify themselves for federal prime               system. If key eligibility criteria are not met,
Economic disadvantage:                           contracts and federal subcontracts without         you will be directed to the SBA resource
   Economically disadvantaged individ-           submitting any application to SBA for SDB          deemed most appropriate to help you at
uals are socially disadvantaged individuals      certification.                                     this time. If you would still prefer at this
whose ability to compete in the free-               To self-represent as small disadvan-            time to apply using the electronic system,
enterprise system has been impaired due to       taged businesses, firms should:                    please send an e-mail to
diminished capital and credit opportunities        1) Update their Central Contractor
                                                      Registration (CCR) profile, ensuring they
                                                                                                    for further guidance and assistance. The
as compared to others in the same or                                                                average processing time for an electronic
                                                      select they are a self-certified Small
similar line of business who are not socially         Disdavantaged Business; and                   application is ninety days.
disadvantaged.                                     2) Update      their   company's        Online
                                                      Representation       and      Certification   Paper Applications for 8(a) BD
Net worth:                                            Application - specifically, the Federal       Program Certification
   For initial 8(a) Program certification, the        Acquisition Regulation clause at 52.219-
                                                                                                     For a paper application, simply send a
net worth of an individual claiming                   1(b)(2), entitled “Small disadvantaged
                                                      business concern,” and check the box          written request to:
disadvantage, must be less than $250,000.
For continued 8(a) Program eligibility after          indicating they are a self-certified SDB.

Visit us online:                                                                          SOUTH CAROLINA Small Business Resource —   35
U.S. Small Business Administration                this title: concerns located in urban or rural   reasonably expects two or more small
    Associate Administrator for Business          areas with high proportions of                   businesses owned and controlled by
    Development                                   unemployed or low-income individuals, or         service-disabled veterans will submit offers
    Office of Business Development
    409 Third St., S.W., 8th Fl.                  which are owned by such low-income               and that the award can be made at a fair
    Washington, DC 20416                          individuals; and businesses eligible to          market price.
   A paper application will be forwarded to       receive 8(a) contracts.                             Veterans and service-disabled veterans
you. Please complete the paper application           The types of assistance available to          may participate in all SBA procurement
and return it to the above address. Data in       eligible      individuals     through      the   programs. To determine your eligibility,
your application will be retyped in the           Management and Technical Assistance              contact your local veterans business
electronic system, printed out, and sent          Program include counseling and training in       development officer in your nearest SBA
back to you for verification. If any errors are   the areas of:                                    district office, visit the various program
found, you must return the application to           •   Finance                                    Web sites or contact the SBA’s Office of
                                                    •   Management                                 Veterans Business Development at
the SBA with the corrections. They will be          •   Accounting
entered into the on-line application, and                                                
                                                    •   Bookkeeping
another paper copy will be sent to you for          •   Marketing and presentation analysis
verification. This process will continue until      •
                                                        Loan packaging
                                                                                                   SMALL BUSINESS
the application contains no errors. At that
time, please sign and return the completed          •   Proposal bid preparation                   INNOVATION
                                                    •   Feasibility studies
application to the SBA for processing
within the 90-day timeframe.
                                                    •   Industry specific technical assistance     RESEARCH PROGRAM
                                                    •   The identification and development of         The SBIR Program encourages small
                                                        new business opportunities                 businesses to explore their technological
The Mentor-Protégé Program for                       More information is at:                       potential by reserving a specific percentage
8(a) Participants                                of federal research and development funds
    Through the SBA’s Mentor-Protégé              8abd/grantinfo/index.html.                       for small businesses. The program serves
Program, 8(a) Program participants can
                                                                                                   to fund the critical startup and
receive in-depth business advice to assist
them in becoming more competitive in              SERVICE-DISABLED,                                development stages for a technology and
                                                                                                   encourages commercialization of the
obtaining federal government contracts.           VETERAN-OWNED SMALL                              technology, product or service. In turn, this
The SBA’s Mentor-Protégé Program
encourages private-sector relationships and
                                                  BUSINESS                                         stimulates the U.S. economy.
broadens efforts to address the needs of             In 1999, public law established federal
                                                  procurement opportunities for veterans           SBIR Requirements:
clients in the 8(a) Program.
                                                  and service-disabled veterans. In 2003, the         Small businesses must meet the
    If you are an 8(a) participant, mentors
                                                  Small       Business    Act    established       following eligibility criteria to participate in
can provide you with technical and
                                                  procurement vehicles for small businesses        the SBIR program.
management           assistance,    financial                                                        • Be 51 percent owned and controlled by
assistance in the form of equity investments      owned and controlled by service-disabled
                                                                                                       one or more individuals who are U.S.
or loans, subcontract support, and                veterans.                                            citizens or permanent resident aliens in
assistance in performing prime contracts             Contracting officers may award a sole-            the U.S. or be a for-profit business
through joint-venture arrangements with           source or set-aside contract to a small              concern that is at least 51 percent owned
8(a) businesses.                                  business owned by a service-disabled                 and controlled by another for-profit
                                                  veteran if:                                          business concern that is at least 51 percent
    For     more       information,     visit:                                                         owned and controlled by one or more
                                                    • The business is a responsible contractor              able to perform the contract, and the            individuals who are citizens of, or
8abd/mentorprogram/index.html.                        contracting officer does not reasonably          permanent resident aliens in, the U.S.
                                                      expect two or more small businesses            • Be organized for profit.
                                                                                                     • Principal researcher must be employed
MANAGEMENT AND                                        owned and controlled by service-
                                                      disabled veterans will submit offers.            by small business.
TECHNICAL ASSISTANCE                                • The anticipated award price of the
                                                      contract (including options) won’t exceed
                                                                                                     • Company size cannot exceed 500
   SBA’s Section 7(j) Management and                  $5.5 million in case of a contract             For more information on the SBIR
Technical Assistance Program authorizes               opportunity assigned a North American        Program visit
the SBA to enter into grants, cooperative             Industry Classification System code for      programs/sbir/index.html.
agreements and contracts with public or               manufacturing; or
private organizations to pay all or part of         • $3.5 million in the case of any other
                                                      contract opportunity;
                                                                                                   Participating Agencies:
the cost of technical or management                                                                   Each year, the following 11 federal
                                                    • In the estimation of the contracting
assistance for individuals or concerns                officer, the contract award can be made at   departments and agencies are required to
eligible for assistance under sections: 7(a)          a fair and reasonable price.                 reserve a portion of their R&D funds for
(11), 7(j) (10), or 8(a) of the Small Business         Additionally, a contracting officer may     award to small business: Departments of
Act. Specifically, the following are eligible     set aside contracts for competition              Agriculture;     Commerce;      Defense;
to receive management and technical               restricted to small business concerns            Education; Energy; Health and Human
assistance including businesses which             owned and controlled by service-disabled         Services;       Homeland        Security;
qualify as small under 13/CFR part 121 of         veterans if the contracting officer              Transportation; Environmental Protection

36 — Small Business Resource   SOUTH CAROLINA                                                                             Visit us online:
Agency; National Aeronautics and Space             partnerships: Department of Defense;         Natural Resources Conservation
Administration; and National Science               Department of Energy; Department of            Service
Foundation.                                        Health and Human Services; National             1835 Assembly St., Rm. 950
                                                                                                   Columbia, SC 29201
                                                   Aeronautics and Space Administration;           Frank Killian, Contracting Officer
SMALL BUSINESS                                     and National Science Foundation.                803-253-3974
TECHNOLOGY TRANSFER                                TECH-NET                                       Rural Economic & Community
PROGRAM                                               TECH-Net is an Internet-based database      Development
   This STTR program reserves a specific           of information containing Small Business        4405 Bland Rd.
percentage of federal R&D funding for              Innovation Research awards and Small            Raleigh, NC 27609
award to small business and nonprofit                                                              Dana Sessions, Contract Specialist
                                                   Business Technology Transfer awards.            919-873-2038
research institution partners. Small                  It is a search engine and electronic
business has long been where innovation            gateway of technology information and
and innovators thrive. But the risk and            resources for and about small high-tech        U.S. Forest Service – Columbia
expense of conducting serious R&D efforts          businesses. It is a tool for researchers,       4931 Broad River Rd.
can be beyond the means of many small                                                              Columbia, SC 29212
                                                   scientists, state, federal and local
                                                                                                   Mark Miller, Contracting Officer
businesses. Conversely, nonprofit research         government officials, a marketing tool for      803-561-4020
laboratories are instrumental in developing        small firms and a potential “link” to 
high-tech innovations. But frequently,             investment opportunities for investors and      Lynda Hansen, Eastern Zone Admin.
innovation is confined to the theoretical,         other sources of capital.                       Contracting Officer
not the practical. STTR combines the                  TECH-Net is a free service for those         803-561-4015
strengths of both entities by introducing          seeking small business partners, small
entrepreneurial skills to high-tech research       business contractors and subcontractors,       U.S. Forest Service – New Ellenton
efforts. The technologies and products are         leading edge technology research, research      New Ellenton, SC
transferred from the laboratory to the             partners,     (e.g.   small    businesses,      Margie Yeaton, SC Small & Disadvantaged
marketplace. The small business profits            universities, federal labs and non-profit       Business Utilization Spec.
from the commercialization, which, in turn,                                                        803-725-0239
                                                   organizations), manufacturing centers and
stimulates the U.S. economy.                       investment opportunities.
                                                      TECH-Net is available at:                 DEPT. OF THE AIR FORCE
STTR Requirements:                       
   Small businesses must meet the                                                                 Charleston Air Force Base
following eligibility criteria to participate in   FEDERAL PURCHASING ACTIVITIES                   437th Contracting Squadron
the STTR Program.                                                                                  101 E. Hill Blvd.

                                                                                                   Kathy Edenborough, Small Business Spec. &
  • Be 51 percent owned and controlled by          AMERICORPS                                      Charleston AFB, SC 29404
    one or more individuals who are U.S.
    citizens or permanent resident aliens in         National Civilian Community Corps             Director – Business Ops
    the U.S.                                          2231 S. Hobson Ave.                          843-963-5183
                                                      Charleston, SC 29405               
  • Be organized for profit.
  • Principal researchers need not be                 James McClurg, Point of Contact
                                                      843-743-2600 ext. 3003                      McEntire Joint National Guard Base
    employed by small business.
                                                                                                   1325 South Carolina Rd.
  • Small business must conduct at least 40
                                                   DEPT. OF AGRICULTURE (USDA)                     Eastover, SC 29044
    percent of the work.
                                                                                                   William Simmons, Base Contracting Officer
  • Company size cannot exceed 500                                                                 803-647-8255
    employees. (No size limit for nonprofit          Agricultural Research Service
                                                      2700 Savannah Hwy.                 
    research institution).
                                                      Charleston, SC 29414
                                                      Laurie Revard, Purchasing Agent             Shaw Air Force Base
The nonprofit research institution partner            843-402-5300                                 20th Contracting Squadron
must also meet certain eligibility criteria:                   321 Cullen St.
  • Be located in the United States and be one                                                     Shaw AFB, SC 29152
    of the following:                                Consolidated Farm Service Agency              Judy Croxton, Small Business Spec.
  • Nonprofit college or university.                  1927 Thurmond Mall, Ste. 100                 803-895-5403
  • Domestic         nonprofit        research        Columbia, SC 29201                 
    organization.                                     Debbie Fripp, Purchasing Agent
  • Federally funded R&D center.                      803-806-3820 ext. 3826
  • The research institution must conduct at
    least 30 percent of the work.

Participating Agencies:                              Cotton Quality Research
                                                      Clemson, SC
  Each year the following five Federal                Misty Stephens, Program Support Asst.
departments and agencies are required by              864-656-2488 ext. 224
STTR to reserve a portion of their R&D      
funds    for     award      to     small
business/nonprofit research institution

Visit us online:                                                                     SOUTH CAROLINA Small Business Resource —   37
DEPT. OF THE ARMY                                                                                Estill Federal Correctional Inst.
                                                                                                    100 Prison Rd.
  Army Contracting Agency – Southern                                                                Estill, SC 29318
  Region                                                                                            Melanie Crews, Contracting Officer
    4340 Magruder Ave.                                                                              803-625-4607 ext. 4903
    Fort Jackson, SC 29207                                                                
    Sherrill King, Small Business Spec.
    803-751-4343                                                                                 DEPT. OF THE NAVY
                                                                                                   Fleet & Industrial Supply Center
    Colleen Arnold, Director of Contracting
    803-751-2589                                                                                    1968 Gilbert St., Ste. 600                                                                      Norfolk, VA 23511
    Cynthia Hall, Contracting Officer                                                               Darnell Folks, Director of Small Business
    803-751-4343                                                                                    Programs                                                                      757-443-1072
  Army Reserve Contracting Center –
  South                                                                                            Naval Facilities Engineering Command
    Fort Jackson Satellite Office                                                                  – Southeast
    9810 Lee Rd.                                                                                    Naval Air Station, Bldg. 103
    Fort Jackson, SC 29207                                                                          Jacksonville, FL 32212
    Marian Korn, Contract Specialist                                                                Nelson Smith, Point of Contact
    803-751-3908                                                                                    904-542-5140 ext. 2616
                                                                                                   Naval Hospital – Beaufort
  Army Training Center                                                                              Material Management Dept.
    3392 Magruder Ave.                                                                              1 Pinckney Blvd.
    Fort Jackson, SC 29207                                                                          Beaufort, SC 29902
    Julia Bass, Installation Liaison                                                                G. Louise Sanford, Asst. Head – Materials
    803-782-8878                                                                                    Management                                                                          843-228-5374
  S.C. Army National Guard                                                                          Jacquelyn Reed-Bush, Supervisor of
    9 National Guard Rd.                                                                            Purchasing
    Columbia, SC 29201                                                                              843-228-5377
    Maj. James Robinson, Supervisory Contract                                             
                                                DEPT. OF HOUSING & URBAN
    803-860-1450                                                                                   Naval Hospital – Charleston            DEVELOPMENT                                         3600 Rivers Ave.
    Sharon Zimmerman, Contact                                                                       North Charleston, SC 29405
    803-806-1538                                  Contracting Operations                            Karen Moore, Point of Contact
    Julian Watson, Contact                         40 Marietta St. NW, 15th Fl.                     843-743-7270
    803-806-1537                                   Atlanta, GA 30303                      
                                                   Kimberlee Satterfield, Small Business Spec.
  U.S. Army Corps of Engineers                     404-331-5001 ext. 2574                          Naval Weapons Station
    100 W. Oglethorpe Ave.                                2120 Quality Circle, Bldg. 71
    Savannah, GA 31402                                                                              Goose Creek, SC 29445
    Leila Hollis, Small Business Spec.          DEPT. OF THE INTERIOR                               Lee Thigpen, Small Business Spec.
                                                  U.S. Fish & Wildlife
    912-652-5340                                                                                    843-764-4112 ext. 3031                                                     
                                                   1875 Century Blvd., Ste. 310
DEPT. OF ENERGY                                    Atlanta, GA 30345                               SPAWAR – Systems Center Atlantic
                                                   Natasha Rowland-Howie, Supervisory               North Charleston, SC
  Savannah River Operations Office                 Contract Spec.                                   Robert Meddick, Deputy for Small Business
    Aiken, SC                                      404-679-4191                                     Programs
    Parodio Maith, Contract Specialist                       843-218-5115
    803-952-9487                                                                                                   U.S. Geological Survey
                                                   720 Gracern Rd., Ste. 129                     DEPT. OF TRANSPORTATION
DEPT. OF HOMELAND SECURITY                         Columbia, SC 29210
                                                   Angie Wood, Contracting Officer                 Federal Aviation Administration –
  Federal Law Enforcement Training                 803-750-6195                                    Southern Region
  Center                                                                  Atlanta, GA
    1131 Chapel Crossing Rd.                                                                        Emanuel Green, Small Business Advocate
    Bldg. 93, Rm. 140                           DEPT. OF JUSTICE                                    404-305-5721
    Glynco, GA 31524                                                                      
    Timothy Strong, Procurement Analyst           Edgefield Federal Correctional Inst.
    912-267-2449                                   501 Gary Hill Rd.                         Edgefield, SC 29824
                                                   Dana Johnson, Supervisory Contract Spec.

38 — Small Business Resource   SOUTH CAROLINA                                                                           Visit us online:
DEPT. OF VETERANS AFFAIRS                           Quantico Base                           Shaw AREVA MOX Services, LLC
                                                    3250 Caitlin Ave.                        Savannah River Site
   VA Medical Center – Charleston                   Quantico, VA 22134                       Bldg. 245-1F
     109 Bee St.                                    Wanda Cooper, Point of Contact           Aiken, SC 29808
     Charleston, SC 29401                           703-784-2807                             Gwendolyn Jones, Small Business Program
     Linda Alderson, Logistics Manager                        Mngr.
     843-789-7210                                                                            803-819-2824                     Recruiting Depot                
                                                    Contracting and Purchasing
   VA Medical Center – Columbia                     Bldg. 159                               Wackenhut Services, Inc.
     6439 Garners Ferry Rd.                         Parris Island, SC 29905                  Savannah River Site
     Columbia, SC 29209                             Anthony Skinner, Small Business Spec.    Bldg. 766-H, Rm. 2472
     Frank Viselli, Chief Logistics Officer         843-228-2129                             Aiken, SC 29808
     803-695-6841                                                                            Lori Wright, CPM                        U.S. POSTAL SERVICE                         803-952-7598
GENERAL SERVICES ADMINISTRATION                    Administration
                                                    Columbia, SC                            Washington Savannah River Company
   Atlanta Office                                   803-926-6357                             Savannah River Site
     77 Forsyth St., Rm. 600                                                                 Bldg. 766-H, Rm. 2472
     Atlanta, GA 30303                           PRIME CONTRACTORS                           Aiken, SC 29808
     Rebecca Vanover, Small Business                                                         Phillip Mottel, Contract Admin. &
     Development Spec.                             Savannah River Nuclear Solutions, LLC     Accountability
     404-331-3374                                   Savannah River Site                      803-208-3781                        Bldg. 730-4B, Rm. 227          
                                                    Aiken, SC 29808
   Charleston Office                                Sharon Campbell, Supplier Development
     24 N. Market St., Ste. 207                     803-952-6112
     Charleston, SC 29401                 
     Connie Bays, Field Office Manager

   Columbia Office
     1835 Assembly St., Rm. 758
     Columbia, SC 29201
     Grace Jackson, Property Mgmt. Center

   Shaw Air Force Base Office
     321 Cullen St.
     Shaw AFB, SC 29152
     Janice Ziegler, GSA Property Manager

  Air Station
     Bldg. 612
     Beaufort, SC 29904
     Don Herschberger, Small Business Director
     Janet Beam, Supv. Supply Systems Analyst
   Camp Lejeune
     Bldg. 1005
     Camp Lejeune, NC 28547
     Philip Linebarger, Point of Contact
     910-451-2582 ext. 284

   Logistics Base
     814 Radford Blvd.
     Albany, GA 31704
     Hattie Mosely, Deputy for Small Business

Visit us online:                                                              SOUTH CAROLINA Small Business Resource —   39
                                                 DISASTER RECOVERY &

                        Knowing the Types of Assistance Available for Recovery
                                                                                                 available elsewhere (the ability to borrow
                                                                                                 or use their own resources to overcome the
                                                                                                    More information on all of SBA’s
                                                                                                 disaster assistance programs is at:
                                                                                                 ce/index.html. Information for military
                                                                                                 reservists called to active duty is at

                                                                                                 Disaster Preparedness
                                                                                                    For small businesses, surviving a
                                                                                                 disaster doesn’t begin with clearing the
                                                                                                 debris and returning to work.
                                                                                                    Surviving begins long before the disaster
                                                                                                 strikes, or before active-duty orders are
            he disaster program is SBA’s         result of the disaster event, is $2 million.    received – with proper planning. Your

T           largest direct loan program,         These working capital loans are intended to     planning should include insurance
            and the only SBA program for         be made to entities without credit              coverage, emergency power, protection of
            entities other than small            elsewhere, as determined by SBA, to help        company records, fire safety, medical
            businesses. SBA is responsible       pay ordinary and necessary operating            emergencies, taking care of your employees
for providing affordable, timely and             expenses that would have been payable           and continuity planning – how your
accessible    financial     assistance    to     barring the disaster event. The limit for       business will continue during and after the
                                                 physical and EIDL loans combined is $2          emergency or disaster.
homeowners, renters, businesses of all sizes
                                                 million.                                           Starting is as easy as clicking on the
and private, non-profit organizations
                                                                                                 SBA’s Disaster Preparedness Web site at:
following declared disasters. By law,
                                                 Military Reservist Economic Injury    
governmental units and agricultural
                                                    Military Reservists Economic Injury          ce/disasterpreparedness/index.html. The site
enterprises are ineligible.
                                                 Disaster Loans, a type of economic injury       includes a wealth of information on the
     The SBA is authorized by the Small
                                                 loan, are available for up to $2 million to     SBA’s disaster recovery programs for
Business Act to make two types of disaster
                                                 assist eligible small businesses meet their     homeowners and renters, and businesses of
loans:                                                                                           all sizes. There are articles on emergency
                                                 ordinary and necessary operating expenses
                                                 that they could have met, but are unable to     planning for disasters, descriptions of
Physical Disaster Loans                          meet, because an essential employee was         SBA’s programs, and links to government
   Physical Disaster Loans are the primary       “called up” to active duty in his/her role as   and industry Web sites with great planning
source of funding for permanent rebuilding       a military reservist. These loans are           information.
and replacement of uninsured or                  intended to provide only the amount of             There is also a link to,
underinsured disaster damages to                 working capital needed by a small business      the Department of Homeland Security’s
privately-owned real and/or personal             to pay its necessary obligations as they        Web site for home and business disaster
property. SBA’s physical disaster loans are      mature until operations return to normal        planning.
available to homeowners, renters,                after the essential employee is released           Small- to medium-sized businesses are
businesses of all sizes and private nonprofit    from active military duty.                      the most vulnerable in an emergency. A
organizations of all sizes. The loan limit for      For all disaster loans, SBA can only         plan can help protect your company and
personal property (for homeowners and            approve loans to applicants having a credit     enhance its potential to recover after an
renters) is $40,000 and the loan limits for      history acceptable to SBA and who also          emergency.
real estate are $200,000 for homeowners          show the ability to repay all loans. The           The      site     contains
and $2 million for businesses.                   terms of each loan are established in           downloadable publications detailing the
                                                 accordance with each borrower’s ability to      planning you’ll need to stay in business
Economic Injury Disaster Loans                   repay. The law gives SBA several powerful       after a disaster strikes. One publication, the
   Economic injury disaster loans provide        tools to make disaster loans affordable:        Ready Business Mentoring Guide – User
the necessary working capital after a            low-interest rates (around 4 percent), long-    Edition, contains worksheets, checklists,
declared disaster until normal operations        terms (up to 30 years), and refinancing of
resume. The law restricts economic injury                                                        testimonials and a sample emergency plan
                                                 prior liens (in some cases). As required by     to use for study. You can order the
disaster loans to small businesses, small
                                                 law, the interest rate for each loan is based   publication or download it free.
agricultural cooperatives and private
                                                 on SBA’s determination of whether each             Planning for a disaster is the best way of
nonprofit organizations of all sizes. The
                                                 applicant does or does not have credit          limiting its effects.
loan limit for economic injury, as a direct

40 — Small Business Resource   SOUTH CAROLINA                                                                          Visit us online:

                   WATCHING OUT FOR YOU
                                     The SBA is Your Voice in Washington

OFFICE OF ADVOCACY                             jurisdictions    and     small    nonprofit
                                               organizations), and consider regulatory
                                                                                              from small business owners, nonprofit
                                                                                              organizations and small government
  The SBA’s Office of Advocacy, the “small     alternatives that minimize the economic        entities. Comments are forwarded to
business watchdog” of the government,          burden on small entities.                      federal agencies for review, and in some
examines the role and status of small             Advocacy’s mission is enhanced by a         cases fines may be lowered or eliminated
business     in     the    economy       and   team of regional advocates, located in the     and decisions changed in favor of the small
independently represents the views of          SBA’s 10 regions. They are Advocacy’s          business owners. Each year the National
small business to federal agencies,            direct link to small business owners, state    Ombudsman files a report with the U.S.
Congress, the President and federal            and local government entities, and             Congress on the responsiveness of federal
appellate courts as friends of the court.      organizations that support the interests of
Advocacy compiles and interprets statistics                                                   agencies regarding their actions of
                                               small entities. The regional advocates help    regulatory and compliance enforcement on
on small business and is the primary entity    identify regulatory concerns of small
within the federal government to                                                              small businesses.
                                               business by monitoring the impact of              To request help, send the National
disseminate small business data.               federal and state policies at the grassroots
The office is headed by the Chief Counsel                                                     Ombudsman a complete Federal Agency
                                               level.                                         Comment Form. You may do this by fax at
for Advocacy who is appointed by the              Learn more about the Office of Advocacy
President and confirmed by the U.S. Senate.                                                   202-481-5719; online at the Ombudsman’s
  Advocacy also funds outside research of                                                     Web page:
small business issues and produces                                                            sbaprograms/ombudsman/index.html; or by
numerous publications to inform policy         OFFICE OF THE NATIONAL                         mail at 409 Third Street S.W., Mail Code
makers about the important role of small
business in the economy and the impact of
                                               OMBUDSMAN                                      2120, Washington, DC 20416.
                                                                                                 The Ombudsman also coordinates 10
                                                  If excessive fines, penalties or unfair     regional regulatory fairness boards which
government policies on small business. In
                                               regulatory enforcement by federal agencies     meet regularly to receive comments about
addition, the office monitors federal agency
compliance with the Regulatory Flexibility     are problems for your small business, you      federal regulations affecting small
Act – the law that requires agencies to        have a voice in Washington, D.C., through      businesses.
analyze the impact of their proposed           the SBA’s Office of the National                  Learn more about the National
regulations on small entities (including       Ombudsman.                                     Ombudsman from the Web site above or
small businesses, small governmental              The Ombudsman receives comments             call 888-REG-FAIR.
                                               regarding federal regulatory enforcement

Visit us online:                                                                   SOUTH CAROLINA Small Business Resource —   41
 Other Sources of                                BEAUFORT REGIONAL CoC                CHEROKEE COUNTY CoC                             DILLON COUNTY CoC
                                                   1106 Carteret St.                    225 S. Limestone St.                            100 N. MacArthur Ave.
 Assistance                                        Beaufort, SC 29902                   Gaffney, SC 29340                               Dillon, SC 29536
                                                   843-525-8531                         864-489-5721                                    843-774-8551
   Chambers of Commerce serve as a central
   location where the local small business
                                                   Carlotta Ungaro, President           Gene Morehead, Executive Director
   community may obtain information,
                                                                                                                                      EASLEY CoC, GREATER
   publications and contact information.
                                                 BEAUFORT COUNTY BLACK CoC            CHESTER COUNTY CoC                                2001 E. Main St.
                                                   801 Bladen St.                       109 Gadsden St.                                 Easley, SC 29641
                                                   Beaufort, SC 29902                   Chester, SC 29706                               864-859-2693
   107 Court Sq.
                                                   843-986-1102                         803-581-4142                          
   Abbeville, SC 29620
                                                                                 Kent Dykes, President
                                                   Larry Holman, President              Jim Fuller, President
                                                                                                                                      EDGEFIELD COUNTY CoC
                                                 BERKELEY CoC                         CHESTERFIELD CoC, GREATER                         416 Calhoun St.
                                                   1004 Old Hwy. 52                     100 Main St.                                    Johnston, SC 29832
   121 Richland Ave. E.
                                                   Moncks Corner, SC 29461              Chesterfield, SC 29709                          803-275-0010
   Aiken, SC 29802
                                                   843-577-9549 (Charleston)            843-623-2343                          
                                                   843-761-8238 (Moncks Corner)        
                                                                    Donna Livingston, Administrator
                                                                                      CLARENDON COUNTY CoC                            EDISTO CoC
                                                   (Also see Tri-County CoC)            19 N. Brooks St.                                430 Hwy. 174
   186 Main St. N.
                                                                                        Manning, SC 29102                               Edisto Island, SC 29438
   Allendale, SC 29810
                                                 CALHOUN COUNTY CoC                     803-435-4405                                    843-869-3867
                                                   102 Courthouse Drive                  
                                                   Courthouse Annex #114                     
                                                   St. Matthews, SC 29135               Dawn Griffith, Executive Director               Dan Carter, Executive Director
   Michaele Goodson, Executive Director
                                                    CLEMSON AREA CoC                                FAIRFIELD COUNTY CHAMBER
                                                  1105 Tiger Blvd.                                Winnsboro, SC 29138
   907 N. Main St., Ste. 200
                                                   Jane Dyches, Executive Director      Clemson, SC 29631                               803-635-4242
   Anderson, SC 29621
                                                 CALHOUN FALLS CoC            
                                                   864-418-8672                                       FLORENCE CoC, GREATER
                                                               Chris Hardy, President                          610 W. Palmetto St.
   Melissa Leitzsey,
                                                                                                   Florence, SC 29501
   Communications/Marketing Director
                                                   Sherlyn York, Executive Director   CLOVER CoC, GREATER                               843-665-0515
                                                                                        144 Bethel St.                        
                                                   Camden (See Kershaw County CoC)      Clover, SC 29710                      
                                                                                                                                        Gerry Madison, Small & Minority Bus. Dir.
                                                   Cayce (See West Metro CoC) 
                                                                                                                                      FOUNTAIN INN CoC
                                                 CHAPIN CoC, GREATER                  COLUMBIA CoC, GREATER                             400 N. Main St.
                                                   302 Columbia Ave.                    930 Richland St.                                Fountain Inn, SC 29644
   604 Airport Rd.
                                                   Chapin, SC 29036                     Columbia, SC 29201                              864-862-2586
   Bamberg, SC 29003
                                                   803-345-1100                         803-733-1110                          
                                                   Laura Howell, President                                                              Gaston (See West Metro Coc)
                                                                                      CONWAY AREA CoC
                                                 CHARLESTON METRO CoC                   203 Main St.                                  GEORGETOWN COUNTY CoC
   367 Fuldner Road
                                                   2750 Speissegger Dr., Ste. 100       Conway, SC 29526                                531 Front St.
   Barnwell, SC 29812
                                                   North Charleston, SC 29405           843-248-2273                                    Georgetown, SC 29440
                                                   843-577-2510                                       843-546-8436
                                                     Bridgette Johnson, Executive Vice President
                                                                                                                                        Annette Fisher, President
                                                 CHERAW CoC, GREATER                  DARLINGTON CoC, GREATER
   112 E. Columbia Ave.
                                                   221 Market St.                       38 Public Sq.                                 GREENVILLE CoC, GREATER
   Batesburg-Leesville, SC 29070
                                                   Cheraw, SC 29520                     Darlington, SC 29532                            24 Cleveland St.
                                                   843-537-7681                         843-393-2641                                    Greenville, SC 29601
   Jim Wiszowaty, President
                                                   Patsy Hendley, President             Susan Alexander, Executive Director   
                                                                                                                                        Brenda Laakso, VP Entrepreneurship & Small

42 — Small Business Resource        SOUTH CAROLINA                                                                                                    Visit us online:
 GREENWOOD CoC                                 LAKE CITY CoC, GREATER                   MAULDIN CoC, GREATER                       PAGELAND CoC
   110 Phoenix St.                               144 S. Acline Ave.                      101 E. Butler Rd.                           128 N. Pearl St.
   Greenwood, SC 29648                           Lake City, SC 29560                     Mauldin, SC 29662                           Pageland, SC 29728
   864-223-8431                                  843-374-8611                            864-297-1323                                843-672-6400                                                                    
   Jeff Smith, Dir. of Small Bus. &                                                      Pat Pomeroy, Executive Director             Sondra Price, Staff
   Communication                               LAKE WYLIE CoC
                                                 803-831-2827                           MCCORMICK CoC                              PICKENS CoC, GREATER
 GREER CoC, GREATER                                        100 S. Main St.                              222 W. Main St.
   111 Trade St.                                            McCormick, SC 29835                          Pickens, SC 29671
   Greer, SC 29651                                                                       864-852-2835                                 864-878-3258
   864-877-3131                                LANCASTER COUNTY CoC                                                    435 Colonial Ave.                                                Lancaster, SC 29720                                                                  Jim Capaldi, Executive Director
   John Kimbrell, President/CEO                  803-283-4105                           MIDLAND VALLEY CoC
                                                        1805 Jefferson Davis Hwy.                  Rock Hill (See York County Regional CoC)
 HAMPTON COUNTY CoC                                   Warrenville, SC 29851
   1000 Pine St.                                 Dean Faile, President                    803-593-3030                             SIMPSONVILLE AREA CoC
   Varnville, SC 29944                                                                                                               211 N. Main St.
   803-943-3784                                LAURENS COUNTY CoC                       MULLINS CoC, GREATER                         Simpsonville, SC 29681                291 Professional Park Rd.               One N. Main St.                             864-963-3781     Clinton, SC 29325                       Mullins, SC 29574                 
   Gray Henderson, President                     864-833-2716                            843-464-6651                      
                                                                     Deborah Hardwick, President/CEO
 HARTSVILLE CoC, GREATER               
   843-332-6401                                  Randall Frye, Small Business Affairs   MYRTLE BEACH AREA CoC                      SOUTH CAROLINA CoC                                                           1200 N. Oak St.                             1201 Main St., Ste. 1700                   LEE COUNTY CoC                            Myrtle Beach, SC 29577                      Columbia, SC 29201
   Sharman Poplova, President                    219 N. Main St.                         843-626-7444                                803-799-4601
                                                 Bishopville, SC 29010                  
 HILTON HEAD ISLAND-BLUFFTON CoC                 803-484-5145                      
   1 Chamber Dr.                                                                                       Otis Rawl, President/CEO
   Hilton Head Island, SC 29928                     NEWBERRY COUNTY CoC
   843-785-3673 (Hilton Head)                    Pam Kelley, Executive Director           1109 Main St.                            SOUTH CAROLINA SMALL BUSINESS CoC
   843-757-1624 (Bluffton office)                                                         Newberry, SC 29108                         1717 Gervais St.                   LEXINGTON CoC                              803-276-4274                               Columbia, SC 29201                      321 S. Lake Dr.                                 803-252-5733
   Bill Miles, President/CEO                     Lexington, SC 29072            
 INMAN AREA CoC, GREATER                               NORTH AUGUSTA CoC, GREATER                   Frank Knapp, Jr., President
   32 S. Howard St.                                          406 West Ave.
   Inman, SC 29349                               Randy Halfacre, President/CEO            North Augusta, SC 29841                  SPARTANBURG AREA CoC
   864-472-3654                                                                           803-279-2323                               105 N. Pine St.                          LIBERTY CoC, GREATER                            Spartanburg, SC 29302                         864-843-3021                                  864-594-5000
   Bessie Fisher, President                    Judy Whaley, Member Services     
 IRMO CoC, GREATER                                                                      NORTH MYRTLE BEACH CoC                       Jessica Osborne, Communications Director
   1246 Lake Murray Blvd.                      LITTLE RIVER CoC                           270 Hwy. 17 N.
   Irmo, SC 29063                                 1180 Hwy. 17 N., Ste. 1                 North Myrtle Beach, SC 29582               Swansea (See West Metro Coc)
   803-749-9355                                   Little River, SC 29566                  843-281-2662                 843-249-6604                           SUMMERVILLE/DORCHESTER CoC,                        GREATER
   Meredith Allan, President/CEO                                                                 402 N. Main St.
                                                  Mary Martin, Executive Director       OCONEE COUNTY CoC                            Summerville, SC 29483
 JASPER COUNTY CoC                                                                        108 E. North 1st St.                       843-873-2931
   451-B East Wilson St.                       LORIS CoC                                  Seneca, SC 29678                 
   Ridgeland, SC 29936                           4242 Main St.                            864-882-2097                     
   843-726-8126                                  Loris, SC 29569                             Rita Berry, President/CEO                    843-756-6030                                                                                          SUMTER CoC, GREATER
   Kendall Malphrus, Executive Director                 ORANGEBURG COUNTY CoC                        32 East Calhoun St.
                                                                                          155 Riverside Dr. S.W.                     Sumter, SC 29150
 KERSHAW COUNTY CoC                            MARION CoC                                 Orangeburg, SC 29116                       803-775-1231
   607 S. Broad St.                             209 E. Bobby Gerald Pkwy.                 803-534-6821                     
   Camden, SC 29020                             Marion, SC 29571                         
   803-432-2525                                 843-423-3561                                      Grier Blackwelder, President                                David Coleman, President                  
   Liz Horton, Executive Director

Visit us online:                                                                                              SOUTH CAROLINA Small Business Resource —           43
   8603 Old State Rd.                        109 Benson St.                                203 E. Liberty St.                              Tate Center for Entrepreneurship
   Holly Hill, SC 29059                      Walterboro, SC 29488                          York, SC 29745                                  5 Liberty St.
   803-496-3831                              843-549-9595                                  803-684-2590                                    Charleston, SC 29401                                                   843-953-6596                                                        www.cofc.ed/~tate
   Teresa Hatchell, Executive Director       David Smalls, President                       Paul Boger, Jr., Executive Director
                                                                                                                                         ERSKINE COLLEGE
 TRI-COUNTY REGIONAL CoC (ST. GEORGE)         West Columbia (See West Metro Coc)         YORK COUNTY REGIONAL CoC                          Small Business Support Center
   225 Parler Ave.                                                                         116 E. Main St.                                 2 Washington St.
   Saint George, SC 29477                   WEST METRO CoC                                 Rock Hill, SC 29731                             Due West, SC 29639
   843-563-9091                              1006 12th St.                                 803-324-7500                                    864-379-8848                       Cayce, SC 29033                                                           803-794-6504                        
   Teresa Hatchell, Executive Director                  Rob Youngblood, President                     FRANCIS MARION
                                                                                                          Donald E. Kelley Small Business Innstitute
 UNION COUNTY CoC                            Greg Pinner, Executive Director             COLLEGE & UNIVERSITY SMALL BUSINESS               Florence, SC
   135 W. Main St.                                                                       CENTERS                                           843-661-1112
   Union, SC 29379                          WESTMINSTER CoC                                                                      
   864-427-9039                              Westminster, SC 29693                       BENEDICT COLLEGE                       864-647-5316                                  Business Development Center                   LANDER UNIVERSITY                                                 2601 Read St.                                   Center for Economic Education
   Torance Inman, Executive Director                         Columbia, SC 29204                              Greenwood, SC
                                                                                           803-705-4781                                    864-388-8000
  214 East Main St.                           130 E. Main St.                              s_dev_ctr/bc_business_dev_ctr.html
  Walhalla, SS 29691                          Kingstree, SC 29556
  864-638-2727                                843-355-6431                               CLAFLIN UNIVERSITY                                        Center for Entrepreneurship Development                                       400 Magnolia St.
  Barbara Justus, Director                                                                 Orangeburg, SC 29115

                     Small Business Person                                     Veteran Small Business                                    Home-Based Business
                     of the Year                                               Champion of the Year                                      Champion
                     Steven Bailey, CEO &                                      Regional Veteran Small                                    of the Year
                     Chairman of the Board                                     Business Champion of the                                  Anthony Santella, Assistant
                                                                               Noah Leask, President & CEO
                     Merus Refreshment Services, Inc.                                                                                    Professor
                     Greenville                                                                                                          Erskine College
                                                                               ISHPI Information Technologies                            Due West
                     Small Business Person of                                  North Charleston
                     the Year Runner-up                                                                                                  Financial Services
                     Robbie Yarborough, Owner                                  Minority Small Business                                   Champion
                     Especially Seniors of Aiken, LLC                          Champion                                                  of the Year
                                                                               of the Year
                                                                                                                                         & Relationship Manager
                     Aiken                                                                                                               David Dougherty, Vice President
                                                                               Robert Meddick, Deputy of Small
                                                                               Business Programs                                         Countybank
                        Family-Owned Business                                  SPAWAR – Systems Center                                   Greenwood
                        of the Year                                            Atlantic
                        Regional Family-Owned                                  Hanahan                                     Small Business Partner of the Year
                        Business of the Year
                        Mathis Plumbing & Heating
                                                                                                                                 S.C. Employment Security Commission:
                                                                               Women in Business                                 “Carolina Works”
                        Company, Inc.                                          Champion                                          Statewide
                        Greenwood                                              of the Year
                                                                               Dyan Webb, Owner
                     Women’s Business Center                                   Corporate Communications
                     of Excellence                                             Greenwood
                     South Carolina Women’s
                     Business Center
                     Charleston, Columbia, Darlington,

44 — Small Business Resource       SOUTH CAROLINA                                                                                                        Visit us online:
                                      DEVELOPMENT CORPORATION             SOUTH                                 CREDIT UNION                         SBAExpress/CommunityExpress
      (Note: PLP denotes “Preferred     Microlender                          877-948-9001                         800-435-5626                       /Patriot Express
      Lender Program”)                  (Serving Berkeley, Charleston &           877-675-0500
                                        Dorchester counties)                                                                                         925-899-8449 (Sue Malone,
   AMERIS BANK                          843-965-4089                      FIRST RELIANCE BANK                   PINNACLE BANK OF                     Rep.)
     800-845-5219                                                            843-656-5000                       SOUTH CAROLINA                            CIT SMALL BUSINESS LENDING                   864-233-6915
                                      CORPORATION                                                                  TD BANK, NA
   BANK OF AMERICA, NA                   PLP/Patriot Express              FIRST SOUTH BANK                                                           PLP/SBAExpress/Patriot
     PLP/SBAExpress/PatriotExpress/      704-814-0409                        864-595-0455                       PNC BANK, NA                         Express/CommunityExpress
     CommunityExpress                         PLP/SBAExpress/Patriot Express     888-751-9000
     888-287-4637                                                                                                 800-762-5684                         COASTALSTATES BANK                  FIRST WESTERN SBLC            
                                        SBAExpress/Patriot Express           (A subsidiary of PMC Commercial                                       UNITY BANK
   BANK OF GRANITE                      888-746-4272                         Trust)                             POPULAR SMALL BUSINESS               PLP/SBAExpress/Patriot Express
     SBAExpress/Patriot Express            PLP                                CAPITAL                              800-618-2265
     828-496-2000                                                            800-486-3223                         (A division of Banco Popular            COMERICA BANK                                     North America)
                                        PLP/SBAExpress/Patriot Express                                            PLP/SBAExpress/Patriot Express   UPS CAPITAL BUSINESS CREDIT
   BANK OF TRAVELERS REST               888-259-9786                      HIGH TRUST BANK                         800-250-6968                       PLP/SBAExpress
     PLP/SBAExpress                               PLP/SBAExpress/Patriot Express            860-687-2600
     888-557-2265                                                           770-692-2449                                                         COMMUNITY SOUTH BANK                       PROVIDENT COMMUNITY BANK
                                        PLP/SBAExpress/Patriot Express                                            888-427-9002                     WACHOVIA SBA LENDING
   BB&T                                 877-287-3722                      HOME LOAN INVESTMENT                         PLP/SBAExpress/
     PLP/SBAExpress/Patriot Express     BANK, FSB                                                                 CommunityExpress
     800-758-0038                                                           PLP/SBAExpress                      QUEENSBOROUGH NATIONAL              888-850-6055                      COMMUNITY WEST BANK                   888-500-6025                        BANK & TRUST              
                                        PLP/SBAExpress/Patriot Express            PLP/SBAExpress
   BBVA COMPASS BANK                    805-681-9943                                                              478-625-2000                     WELLS FARGO BANK, NA
     (formerly Compass Bank)           INNOVATIVE BANK                                 PLP/SBAExpress/Patriot
     PLP/SBAExpress                                                         PLP/SBAExpress/PatriotExpress/                                          Express/CommunityExpress
     888-273-5363                     CONGAREE STATE BANK                   CommunityExpress                    RBC BANK                            800-416-8658            803-794-2265                        866-812-1216                          PLP/SBAExpress/Patriot Express
   BCI LENDING SERVICES                                                                                                WILSHIRE STATE BANK
     (Formerly Business Carolina)     EXCEL NATIONAL BANK                 LIBERTY SAVINGS BANK                                                       PLP/SBAExpress
     PLP/SBAExpress/Patriot Express     PLP/SBAExpress/Patriot Express       SBAExpress                         REGIONS BANK                         888-972-5363
     800-756-4353                       888-392-5265                         800-436-6300                         PLP/SBAExpress/Patriot Express                            800-734-4667
                                                                                                                          CERTIFIED DEVELOPMENT
   BEACH FIRST NATIONAL BANK          FIDELITY BANK                       LIVE OAK BANKING COMPANY                                                 COMPANIES
                                         888-248-5466                                                           SHINHAN BANK AMERICA
     843-626-2265                                                            (Specializing in veterinary          PLP/SBAExpress                            practices)                                                            APPALACHIAN DEVELOPMENT
                                                                             877-890-5867                              CORPORATION
   BORREGO SPRINGS BANK, N.A.         FIRST BANK                                                                        Greenville
                                                                                                                SOUTH CAROLINA BANK &
     PLP/SBAExpress/PatriotExpress/      866-792-4357                                                                                                864-242-9733
     CommunityExpress                    LOWCOUNTRY NATIONAL BANK                                         
     866-644-0042                     FIRST CHATHAM BANK                    (A division of CBC National Bank)     803-771-2265                       Serving South Carolina          PLP                                PLP/SBAExpress              
                                         912-629-2900                       854-522-1228                                                           CATAWBA REGIONAL
   BUSINESS DEVELOPMENT                                                         SOUTH CAROLINA COMMUNITY           DEVELOPMENT CORPORATION
   CORPORATION OF SC                                                                                            BANK                                 Rock Hill
     PLP                              FIRST CITIZENS BANK AND             MOUNTAIN 1ST BANK & TRUST               803-733-8100                       803-327-9041
     803-798-4064                     TRUST                               COMPANY                                  888-612-4444                       PLP/SBAExpress                                                           Serving South Carolina
                                       888-790-9901                        SOUTHCOAST COMMUNITY
   BUSINESS LENDERS LLC                                                            BANK                               CERTIFIED DEVELOPMENT
                                      FIRST FEDERAL SAVINGS &
     PLP                                                                                                          877-884-0504                     CORPORATION OF SC
     877-345-6267                                                         NCB, FSB                                   Columbia
                                      LOANS ASSOCIATION OF                                                PLP/Patriot Express                                                      803-798-4064
   CAPITAL ONE, NA                                                          703-302-1945                        STEARNS BANK N.A.          
     PLP/SBAExpress                                                                         PLP/SBAExpress/Patriot Express     Serving South Carolina
     800-926-1000                                                                                                 888-320-2899
                                                                                  NEWTEK SMALL BUSINESS                      COASTAL AREA DISTRICT
                                                                          FINANCE, INC.                                                            DEVELOPMENT AUTHORITY
                                      FIRST FINANCIAL BANK
   CAROLINA FIRST BANK                                                      PLP/SBAExpress/Patriot Express      SUNTRUST BANK                         Savannah, GA
     800-476-6400                                                           212-356-9510                          PLP/SBAExpress/PatriotExpress/     912-236-9566
                                         Express                                                CommunityExpress         
                                                                                                                  877-370-5108                       Serving Beaufort, Hampton and
                                                                                                                           Jasper counties

Visit us online:                                                                                                    SOUTH CAROLINA Small Business Resource —          45
    Augusta, GA                       FINANCIAL SERVICES          CORPORATION (SBAC)
    706-210-2010                        West Columbia             SAVANNAH, GA         803-791-0071                912-232-4700

    Serving Abbeville, Aiken, 
    Allendale, Barnwell, Edgefield,     Serving South Carolina      Serving Beaufort, Hampton and
    McCormick and Saluda counties                                   Jasper counties

 Where The Franchise World Connects


46 — Small Business Resource      SOUTH CAROLINA                                                    Visit us online:

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