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  • Address: 711 Bladen Street | Beaufort, SC 29902

  • Phone: 843-986-1102

CDFI Funding

CDFI Funding

Microloan Program

The Beaufort County Black Chamber of Commerce is an aunthorized SBA Microloan Lender and USDA Rurual Microenterprise Assistance Program Lender (also called Loan intermediary program partners).

Our Microloan Programs help create access to capital for those businesses that have been denied business financing in the traditional lending markets.

Eligible uses for a Micro-Enterprise Business Loan

Start-Up Costs
Working Capital
Equipment Purchases

Micro Loan Terms & Conditions

Loan amounts range from $5,000 to a maximum of $100,000
Security determined on a case by case basis to adequately collateralize the loan
Repayment terms range from 3 to 10 years
Loan payments must be made via debit (ACH)
Individual qualifications requirements vary from business to business

Become and Eligible Borrower Today! It’s Easy!

All applicants are required to complete the BCBCC loan orientation program
Applicants must have a full business plan
Reside in Beaufort or surrounding counties

Apply Today! It’s Easy as 1-2-3!

Download the Microloan Application Today!

Send your completed applications to our Lending Department at (Se Habla Español)