South Carolina, a hub of entrepreneurial activity, boasts a thriving small business ecosystem that plays a vital role in the state's economy. Lending institutions in South Carolina reporting under the Community Reinvestment Act played a significant role in supporting small businesses. In 2018, these institutions issued a total of 79,529 loans under $100,000, with a combined value of $1.3 billion. This lending activity demonstrates the commitment of financial institutions to providing access to capital for small businesses, facilitating their growth and development within the state.
Small Business Stats: