How many small businesses are in South Carolina?

South Carolina has approximately 490,000 small businesses, representing 99.5 percent of all businesses in the state. They employ 851,000 workers — 42.4 percent of South Carolina's private workforce. Source: SBA Office of Advocacy, 2024 Small Business Profile.

How active is SBA 7(a) lending in South Carolina?

South Carolina received 1,087 SBA 7(a) loan approvals in FY2024, totaling $453 million. The average loan size was approximately $416,500. Source: SBA FOIA loan dataset, FY2024 aggregate.

Does South Carolina have a commercial financing disclosure law?

No. South Carolina has not enacted a statewide commercial financing disclosure law as of 2026.

What financing products work best for South Carolina small businesses?

Construction and hospitality businesses use equipment financing and revenue-based products. Automotive suppliers use equipment financing and SBA 7(a). Healthcare practices access SBA 7(a) for expansion. The right product depends on your industry and revenue.

Is ClearValue Lending available in South Carolina?

Yes. ClearValue Lending routes South Carolina SMB applicants to lender partners operating across Columbia, Charleston, Greenville, Myrtle Beach, and statewide. We are a funding platform, not a lender or broker.

What are typical eligibility minimums for South Carolina SMB financing?

SBA 7(a) typically requires 2+ years in business, 650+ FICO, and $150,000+ annual revenue. Revenue-based financing may be available with 500+ FICO, 6+ months in business, and $10,000+ monthly revenue. All financing is subject to lender underwriting.

Small Business Loans in South Carolina

South Carolina has 490,000 small businesses employing 851,000 workers — 42.4 percent of the state's private workforce. In FY2024, South Carolina small businesses received 1,087 SBA 7(a) loans totaling $453 million, with an average loan size of approximately $416,500. South Carolina's SMB economy has diversified significantly — from a traditional textile and manufacturing base to construction, tourism, healthcare, and automotive manufacturing support industries, particularly in the Upstate (Greenville-Spartanburg) and coastal markets (Charleston, Myrtle Beach).