South Carolina Capital Access Program : Review of Program's 2007 activity

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Subject

South Carolina Capital Access Program

Description

The South Carolina Capital Access Program is designed to give financial institutions operating in South Carolina a flexible and non-bureaucratic tool to make business loans that are more risky than conventional loans and that do not meet conventional underwriting standards In this report, the Department of Commerce provides an overview of the South Carolina Capital Access Program and its results within the first year. Initial figures look positive with the program assisting 49 small businesses with private financing from South Carolina lenders totaling over $2.3 million. The program provided $108,387 into lending reserves which impacted 290 South Carolina workers. A total of $21.83 in private lending occurred for every $1 leveraged from the state program.

URI

http://hdl.handle.net/10827/15140

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• Department of Commerce Documents

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DOC_Capital_Access_Program_Review_2008-3-18.pdf (1.228Mb)

Date

2008-03-18

Author

South Carolina Department of Commerce

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Date Accessioned	2014-06-10T21:34:38Z
Date Available	2014-06-10T21:34:38Z
dc.date.created	2014-06-09
dc.description	The South Carolina Capital Access Program is designed to give financial institutions operating in South Carolina a flexible and non-bureaucratic tool to make business loans that are more risky than conventional loans and that do not meet conventional underwriting standards In this report, the Department of Commerce provides an overview of the South Carolina Capital Access Program and its results within the first year. Initial figures look positive with the program assisting 49 small businesses with private financing from South Carolina lenders totaling over $2.3 million. The program provided $108,387 into lending reserves which impacted 290 South Carolina workers. A total of $21.83 in private lending occurred for every $1 leveraged from the state program.
Item Format	application/pdf
Media Type	Document
Item Language	English
Publisher	South Carolina State Library
Digital Collection	South Carolina State Documents Depository
Rights	Copyright status undetermined. For more information contact, South Carolina State Library, 1500 Senate Street, Columbia, South Carolina 29201.
Type	Text
Digitization Specifications	This South Carolina State Document was either saved from a document available publicly online in PDF format or converted to PDF using Adobe Acrobat X Professional.