Small Business Loan (CLIMB Fund) is sponsored by CLIMB Fund. The CLIMB Fund offers small business loans to businesses in South Carolina that need capital to support operational needs or invest in growth and expansion.

Before You Apply | Lending for Opportunity | CLIMB Fund Before You Start: Small Business Loan Application Workshop To start a loan application with CLIMB Fund, all prospective borrowers are required to complete our Small Business Loan Application Workshop. This ensures you understand our lending process, what’s required, and how to set yourself up for a successful application.

You can meet this requirement by Attening a live virtual session Register for a live virtual session Are You Eligible for a Loan? Please review our Application Checklist so that you know what documents you will be asked to submit. CLIMB Fund follows strict lending guidelines based on SBA 7(a) loan program requirements.

We prioritize businesses that align with our mission to drive growth and opportunity in South Carolina. Review the types of businesses we support, eligibility requirements, and what you need to know before applying. Lending Guidelines To retrieve your work on the Application Checklist on multiple devices, type in your email address.

If you will be using the checklist on only one device, you can continue without entering your email address. Also, your progress and notes on the checklist are not monitored by CLIMB Fund staff, so please feel free to use it as you see fit.

Complete Business Plan which includes: Visit our Business Resource Center to find out about organizations that can assist you with writing your business plan A summary of the business Description of products and services, marketing strategy, customer, competitors, etc. A resume for all owners and management Information of the workforce, staffing needs, and projected growth Three-year projection of income and cash flow, (Monthly breakdown for 1st year and annually for years 2 & 3) Business financial statements (current balance sheet and P&L) Profit & Loss Statement template & Balance Sheet template If a startup, please include a projected balance sheet showing proposed distribution of assets, liabilities, and equity.

3 months of business bank statements (if applicable).

Business Federal Tax Returns for previous 3 years (if applicable) Personal Federal and State Tax Returns for previous 3 years For example, a recent check stub or internal financial statements Summary of use of proceeds with corresponding proof (estimates, quotes, pricelists, etc.) Personal Financial Statement (all business owners with 20% or greater ownership) Personal Financial Statement template Copy of identification (driver’s license, passport, etc.) Lease, LOI, or description of desired business location For example, a letter of intent or the property listing Copy of business documentation (if applicable) Schedule a meeting with a Loan Officer if you have questions https://businessfilings.

sc. gov/BusinessFiling/ https://www. irs.

gov/businesses/small-businesses-self-employed/employer-id-numbers Bank declination communication (for requests of $20,000 or greater) Can be an informal email you received from the bank Completed CLIMB Fund Application Non-Refundable Program Participation Fee of $125. 00 to be paid after all documentation is submitted