SBA 504 Loans in Columbia, SC
Find lenders offering sba 504 loans in the Columbia, including Lexington, Irmo, Cayce, and surrounding areas. Compare rates, terms, and programs from 17 lenders.
Which SBA 504 lenders serve Columbia?
17 lenders offering sba 504 loans in the Columbia, SC area.
Certified Development Corporation of South Carolina
Local SBAColumbia, SC
Provident Business Financial Services, Inc.
Local SBAWest Columbia, SC
Appalachian Development Corporation
Local SBAGreenville, SC
Live Oak Banking Company
SBAWILMINGTON, NC
One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.
The Huntington National Bank
SBACOLUMBUS, OH
Major regional bank and consistently one of the top SBA lenders in the country by number of loans. Offers SBA 7(a) and 504 loans alongside conventional business lending, commercial real estate, and treasury management services.
U.S. Bank, National Association
SBACincinnati, OH
Fifth-largest commercial bank in the U.S. and a top SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, and a full suite of business banking products.
Readycap Lending, LLC
SBABERKELEY HEIGHTS, NJ
Non-bank SBA preferred lender offering SBA 7(a) and 504 loans nationwide. Specializes in commercial real estate, business acquisition, and expansion financing for small businesses. Known for fast closings and flexible underwriting.
Bank of Hope
SBALOS ANGELES, CA
One of the largest Korean-American banks in the U.S. and a top SBA 7(a) lender. Offers commercial real estate loans, SBA lending, trade finance, and full-service commercial banking with branches across major metro areas.
Wells Fargo Bank National Association
SBASioux Falls, SD
One of the largest banks in the U.S. and a major SBA preferred lender. Offers the full range of SBA programs including 7(a) and 504 loans, alongside conventional commercial lending, commercial real estate, and equipment financing.
Fifth Third Bank
SBACINCINNATI, OH
Major regional bank and SBA preferred lender with operations across the Midwest and Southeast. Offers SBA 7(a) and 504 loans, conventional commercial lending, equipment financing, and commercial real estate loans.
Enterprise Bank & Trust
SBACLAYTON, MO
Midwest-based bank and top SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate financing, and specialty lending for industries like healthcare and professional services.
KeyBank National Association
SBACLEVELAND, OH
Major regional bank and SBA preferred lender with nationwide commercial banking operations. Offers SBA 7(a) and 504 loans, conventional business lending, commercial real estate, equipment finance, and capital markets services.
First-Citizens Bank & Trust Company
SBARALEIGH, NC
One of the largest family-controlled banks in the U.S., headquartered in Raleigh, NC. Offers SBA 7(a) and 504 loans, commercial real estate, equipment financing, and lines of credit for businesses nationwide.
East West Bank
SBAPASADENA, CA
One of the largest independent banks focused on the U.S. and Greater China markets. Offers SBA 7(a) and 504 loans, commercial real estate, trade finance, and international banking for businesses with cross-border needs.
Grasshopper Bank National Association
SBANew York, NY
New York-based digital business bank offering SBA 7(a) and 504 loans, commercial lending, and innovative banking solutions. Combines fintech convenience with traditional banking for small business owners and startups.
What does the Columbia commercial real estate market look like?
Columbia's CRE market is defined by its role as South Carolina's state capital and home to the University of South Carolina, creating a stable government and institutional tenant base. Fort Jackson, the U.S. Army's largest initial entry training installation, adds significant defense-related economic activity and supports demand for hospitality, retail, and off-base housing in the surrounding corridors. The Bull Street District, a 181-acre redevelopment of the former state mental hospital campus, represents the city's largest urban infill project and is attracting mixed-use, retail, and multifamily investment including a minor league baseball stadium. The Northeast corridor along I-77 and Harbison Boulevard in the Irmo area are the metro's primary suburban retail and office nodes.
Key Economic Drivers
- ●South Carolina state government operations concentrated in the downtown Capitol complex
- ●University of South Carolina's 35,000-student campus and its research and medical institutions
- ●Fort Jackson, the U.S. Army's largest basic training installation, supporting adjacent commercial demand
- ●Bull Street District 181-acre mixed-use redevelopment of the former state hospital campus
Market Insight
The Bull Street District redevelopment is transforming 181 acres of a former state hospital campus into a mixed-use district with a minor league stadium, over 3,000 residential units, and significant commercial space, representing the largest urban infill project in the Midlands region.
How do sba 504 loans work in Columbia, South Carolina?
SBA 504 loans provide long-term, fixed-rate financing for major fixed assets like commercial real estate and heavy equipment. The loan is split between a bank (50%), a Certified Development Company (40%), and your down payment (10%), resulting in below-market rates on the CDC portion. In the Columbia metro area, borrowers can access 17 lenders offering SBA 504 financing, including Lexington, Irmo, Cayce, and surrounding areas. Loan amounts typically range from $125K to $17M with rates from Below market (CDC portion ~5-6%).
Who should consider sba 504 loans?
- Owner-occupied commercial real estate
- Heavy equipment purchase
- Business expansion
- New construction
What are the key requirements?
- For-profit business
- Net worth under $15M
- Average net income under $5M (after taxes) for prior 2 years
- 51%+ owner occupancy
- Create or retain jobs (1 per $90,000 CDC)
Advantages
- ✓Only 10% down payment
- ✓Below-market fixed rate on CDC portion
- ✓Long terms (20-25 years for RE)
- ✓No balloon payments
Considerations
- •Must be owner-occupied (51%+ for existing, 60%+ for new construction)
- •Cannot be used for working capital
- •Longer closing timeline
- •Two closings (bank + CDC)
SBA 504 Loans in Columbia FAQ
How many SBA 504 lenders serve Columbia, SC? ▼
What are SBA 504 loan rates in Columbia? ▼
What is a Certified Development Company (CDC)? ▼
Can I use SBA 504 for a rental property? ▼
How is the SBA 504 loan structured? ▼
Where else can I find sba 504 loans in South Carolina?
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