Areas Served: Aiken, Allendale, Bamberg, Barnwell, Calhoun, & Orangeburg Counties
Through its Economic Development Revolving Loan Fund (RLF), LSCOG offers financing to South Carolina small businesses in Aiken, Allendale, Bamberg, Barnwell, Calhoun, & Orangeburg Counties to help them grow and expand.
Loans are available in amounts from $10,000 to $150,000 based on the number of jobs created or retained by the business.
The loan fund program is designed to be flexible and fill the gap between the financing available from traditional private sector lenders and a businesss total financing need.
It can provide financing for land, building, equipment and working capital and can assist manufacturing, industrial, service and some retail firms.
By sharing risk, RLF involvement helps to limit the primary lenders risk and extended terms offered by the RLF can help improve the borrowers cash flow, which will help improve the businesss chances for success.
The RLF was funded with one time allocations for economic development purposes, therefore, loans are intended to be repaid and potential borrowers must be credit worthy, submit financially sound proposals, and provide adequate collateral to secure the loan and personal guarantees.
Contact InformationLower Savannah Council of Governments
Address: 2748 Wagener Road
City: Aiken
State: South Carolina
Website:
http://www.lscog.org/common/content.asp?PAGE=362
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