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BUSINESS DEVELOPMENT CORPORATION OF SOUTH CAROLINA Checklist for BDC/SBA 7(a) Loan Name of Borrower: Phone: Contact Name: Email: “X or NA completed expedite the initial application review and eligibility
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A Business Development Corporation (BDC) is a type of investment company in the United States that helps small and mid-sized companies access capital, typically through investments in equity and debt.
Businesses that are structured as Business Development Corporations and wish to maintain their status under federal law must file specific documentation with the Securities and Exchange Commission (SEC).
Filling out a Business Development Corporation registration requires providing details about the corporation's structure, business plan, financial statements, and filing appropriate forms with the SEC, often with the assistance of a legal or financial advisor.
The purpose of a Business Development Corporation is to promote economic development by providing financial assistance to small and emerging companies, which may not have access to traditional forms of financing.
Information required to be reported typically includes financial statements, operational goals, investment strategies, and updates on the status of portfolio companies.
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