Learn More about CDFI's and Small Business Resources in South Carolina see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
Brookland Federal Credit Union
Business Carolina, Inc.
Catawba Indian Nation
Greenville New Markets Opportunity, LLC
Lowcountry Housing Trust
South Carolina Community Bank
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.
Business grants could be one of the most important financial tools that nearly all businesses would need. They may not be the single most significant support businesses could have, but they can get definitely help you start the business right....