COVID-19 Updates

We remain as committed as ever to building equitable and resilient South Carolina communities, serving our borrowers, and doing our part to minimize the impacts of the coronavirus outbreak.

Introducing Working Capital

We’ve created a working capital lending program to support SC nonprofits and small businesses impacted by COVID-19.

DOWNLOAD THE PROGRAM OVERVIEW to learn more about the terms of our working capital loans, what to expect from the application process, and see a required documentation checklist. Complete the intake questionnaire below to get started.


COVID-19 and the Need for Capital

We’ve surveyed current borrowers and SC nonprofits to learn more about how efforts to slow the spread of the novel coronavirus have impacted their operations, as well as their anticipated needs for capital. The results are provided below, along with our thanks to the survey respondents.

SCCLF Borrower Impact Survey
Nonprofit Impact Survey

For Current Borrowers

We are committed to supporting you and your organization, today and always. If your organization is experiencing an economic hardship due to COVID-19 or containment measures, we ask that you contact us as soon as possible so that we can discuss alternative payment arrangements. Current borrowers with questions or concerns should contact Portfolio Manager Shelley Hough at

Visit the SBA website to learn more about disaster recovery loans available for small businesses impacted by the spread of COVID-19.

It is essential that you begin documenting the harm to your business. Examples of harm include having to make layoffs, or lost revenues. Documentation will be required in all instances in order to pursue support.

Info for Small Businesses and Nonprofits

Paycheck Protection Program Loans (emergency SBA 7(a) loans): Creates an emergency loan program providing loans of up to $10 million for eligible nonprofits and small businesses, permitting them to cover costs of payroll, operations, and debt service. These loans may be forgiven in whole or in part under certain circumstances.

Expanded EIDL & Emergency Grants (SBA 7(b) Loans): The Existing Economic Injury Disaster Loan (EIDL) program has been expanded to include both nonprofits and for profits, apply looser credit standards, and create a rapid grant procedure. Normal EIDL loans of up to $2 million are available, as well as EIDL grant advances of $10,000 (grant advances do not have to be repaid). This funding can be used to cover payroll, fixed debts, accounts payable, and other expenses that cannot be paid because of a disaster’s impact. In order to receive an emergency economic injury grant you must first apply for a EIDL.

The pages below, created by our community partners, are updated regularly with the latest information on relief programs, employer resources, and more:

Resources for Small Businesses (Lowcountry Local First)

Resources for Nonprofit Organizations (Together SC)

One Region's reIGNITE Plan
Phase One Plan
Small Business Guidelines
Food & Beverage Guidelines