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South Carolina Agribusiness Loan Fund (SCALF) is sponsored by Catawba Regional Council of Governments (through Economic Development Administration (EDA) grant funding). The SC Agribusiness Loan Fund provides loans to family farmers, agribusinesses, and aquaculture companies in 35 South Carolina counties. Loans can be used for building purchase/expansion, equipment, land, machinery, refinance, and working capital.
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Welcome to Catawba Regional Council of Governments, SC South Carolina Agribusiness Loan Fund South Carolina Agribusiness Loan Fund The SC Agribusiness Loan Fund (SCALF) was created in 2016 through Economic Development Administration (EDA) grant funding. The SCALF is available to family farmers, agribusinesses, and aquaculture companies in 35 counties across the state.
SCALF loans from $50,000 to $250,000 can be used in conjunction with bank financing to help meet start-up and expanding agribusiness needs. A competitive interest rate, negotiable term, and decreased borrower equity injection can significantly lower overall debt service providing improved cash flow for the agribusiness.
The application process includes submitting projections, business financials, personal financial statements, and an outline of project costs. Business plans are required for start-up companies. Cash flow, credit history, and collateral will be considered in the loan review process.
Loan Program Information: Loan Amounts - $50,000-$250,000 Maximum Loan Amount - 95% of total project costs up to $250,000 Origination Fee - Up to 1. 5% of loan amount Prepayment Penalty - Up to 1.
5% of loan amount Job Creation - One job created for every $90,000 loaned Uses - Building purchase/expansion, equipment, land, machinery, refinance, working capital Eligible Counties - Aiken, Allendale, Anderson, Bamberg, Barnwell, Beaufort, Calhoun, Cherokee, Chester, Chesterfield, Clarendon, Colleton, Darlington, Dillon, Fairfield, Florence, Georgetown, Greenville, Hampton, Horry, Jasper, Kershaw, Lancaster, Lee, Marion, Marlboro, Oconee, Orangeburg, Pickens, Richland, Spartanburg, Sumter, Union, Williamsburg, and York Catawba Regional Business Loan Application For more information, please contact our office at crcog@catawbacog.
org or 803-327-9041. Copy and paste this code into your website. <a href="http://www.
catawbacog. org/business_lending/south_carolina_agribusiness_loan_fund_(scalf). php">Your Link Name</a>
According to the current listing, eligibility includes: Family farmers, agribusinesses, and aquaculture companies in 35 eligible South Carolina counties. Confirm the full requirements in the official notice before applying.
The current listing shows $50,000-$250,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
South Carolina Agribusiness Loan Fund (SCALF) is funded by Catawba Regional Council of Governments (through Economic Development Administration (EDA) grant funding). Verify program details on the funder's official page before applying.
This opportunity targets applicants in South Carolina. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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