Nearly 445,000 small businesses call South Carolina home, and together they employ nearly 831,000 people, according to the SBA Office of Advocacy. A driving force behind the state’s economy, these business owners need all the help and support they can get.
How a small business loan can help your South Carolina small business
Small business loans can help facilitate small business growh. But with so many choices, they can also be confusing. Here we’ll explore financing options, grants and business resources for businesses based in the Palmetto State.
Facebook’s September Global State of Small . Business Report accurate mobile phone number list found that “73% of S.C. small business owners are confident in their ability to stay open for at least 12 months.” Ideally, every small business owner should not only feel confident they can stay open for 12 months, but can grow their business so they will succeed for many years to come.
In 2019, large banks reporting loans under the Community Reinvestment Act issued $1.4 billion in loans to South Carolina businesses with revenues of $1 million or less. Total reported new lending to busines
If you need to quickly get funds for your business, look into t card. For those with good personal credit scores, business credit cards tend to be fairly easy to get. If you are approved, you have access to a line of credit you can tap as needed. Additional benefits of business credit cards may include perks such as cash back or travel rewards, some with sign-u data on p bonuses. They also often help build business credit. Many card issuers offer business credit cards, so there is a wide range to choose from.
Crowdfunding
Business credit cards
Lines of credit
For many business owners, a line of credit is essential.. T a virus and let customers he business gets approved to borrow up to a certain amount, then taps the line of credit as necessary. Once it’s paid back (partially or in full), you have access to those funds again. A line of credit is popular for short-term working capital needs.