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SBA 504 Loan Program News

New or existing business, new growth, new opportunities…..Economic Development Loans are available to help you grow your business.

The SBA 504 Loan program now offers a 25 year amortization option. Funds are available to small businesses located throughout the state of South Carolina for loans up to $5.5 million. SBA 504 interest rates for August 2018:

 

10 […]

Lancaster County – Small Area Plan

Lancaster County is preparing a Small Area Plan for the Hwy 521/Town of Van Wyck area south of Waxhaw Highway and north of Hwy 5 and Andrew

Union County Transit Feasibility Study

Union County is developing a Transit Feasibility Study to determine the type of public transportation service that would be appropriate for the community.

CDBG Update – 3 Projects Awarded

The following three projects received funding from the April 2018 round of the Community Development Block Grant – Infrastructure Program:

 

 

 

 

 

Project Name: Roundtree Circle Pump Station Project

Grantee:                                                         Chester County

Total Project Cost:                                        $486,300

CDBG Funds:                                               $418,670

Chester County Wastewater Recovery:      $67,630

Beneficiaries:                                                 105 persons, 60 (57%) of whom are low and moderate income.

Project Description:  The project will […]

New options on SBA 504 loans

The Small Business Administration now offers SBA 504 loans with a 25 year maturity. With a fixed interest rate for the life of the loan and as little as 10% borrower injection,

SBA loans continue to be one of the best financing plans for new or expanding businesses!   For more lending information contact Randy Pellisero or Ed Brock at 803-327-9041.

Small Business Administration 504 Loan News

When Josh Protch, Walter Protch, and Tom Slimchak, principals of SP4 Land Co., LLC, decided to refinance debt on commercial land and

CDBG Update – City of Union

The City of Union Streetscape project was funded with CDBG funds from the SC Department of Commerce. The city invested $551,382, with $490,284 coming from the CDBG grant.  The project paved the city parking lots between N. Gadberry and N. Pinckney Streets in downtown Union. New sidewalks, decorative lighting, landscaping with irrigation, and a screened […]

Revolving Loan Fund Program Update

When Robin Jackson, owner of Sheba’s Doggy Day Camp, decided to purchase commercial land and buildings for her doggy day camp, Catawba Regional,

Development of Union County’s Transit Feasibility Study

Community Transit Needs and Next Steps for a Transit Program

Union County received South Carolina State MassTransit Funds from

Dislocated Worker Transition Centers open in Lancaster and York Counties

The Catawba Region recently opened two Dislocated Worker Transition Centers. These centers

SC Agribusiness Loan Fund (SC ALF) News

In August 2016, the U.S. Economic Development Administration (EDA) awarded Catawba Regional grant funding of $1,040,000 to start an

CDBG Update: Three Projects Underway

The following three projects received Community Development Block Grant funding in July 2016 and are now underway:

Chester County and Catawba Regional receive national Innovation Award

The National Association of Development Organizations (NADO) has announced that the Catawba

Small Business Administration 504 Loan News

When Pierre and Connie Binot decided to purchase the Cuthbert House Inn, where they were once guests, Catawba Regional partnered with

WIOA Update – SC Vocational Rehabilitation events held in April

Event date: 04/25/2017 (Rock Hill Area office)
Expect, Employ and Empower. 

Revolving Loan Fund Program Update

Catawba Regional recently assumed the Revolving Loan Fund (RLF) loan program from Lake City, SC.

This assumption increased Catawba Regional’s loan fund by approximately $350,000.

 

2017 Small Company Workforce Innovator Award

The SC Chamber of Commerce’s Workforce Innovator Awards honor companies that have implemented unique private sector workforce development

Small Business Administration 504 Loan News

When existing borrower, Naynesh Dave decided to purchase another gas station/convenience store Catawba Regional partnered with

City of Union – Main Street Junction Project

Main Street Junction was completed in November 2016 and successfully delivered a first-class venue for the use and enjoyment of the greater Union

ECONOMIC AND ENVIRONMENTAL LENDING

New SC Agribusiness Loan Fund (SC ALF)  In August, EDA awarded Catawba Regional grant funding of $1,040,000 to start an agribusiness

Gateway Master Plan Project

Bring your best ideas to the Gateway Hands-On Workshop happening Tuesday, October 18th at the Gateway Conference Center, Grand Ballroom beginning at 8:30 am. The Gateway Master Plan District includes key areas surrounding Exits 65 and 62 and the Town of Richburg.  On Thursday, October 20th, the results of the Hands-On Workshop will be shared […]

In Honor of Those Who Have Won and Lost the Battle With Breast Cancer

Together
Cancer is such a scary word, no matter how it’s spoken.
Peace of mind taken

Chester Sewer District awarded $2.9 million grant

On August 30, 2016, the Chester Sewer District was awarded a $2.9 million dollar grant from the U.S. Department of Commerce Economic

SC Works Catawba Job Fair – 2016

SC Works Catawba sponsored its first Sector Job Fair on June 14, 2016 at USCL. The focus of the job fair was Light Industrial/Manufacturing.  The 14 Catawba

Community Development Block Grant Projects Awarded – June 2016

The following three projects received funding from the April 2016 round of the Community

WIOA Out of School Youth Program Success Stories

ResCare Youth – Out of School Youth Program is a case management based program that focuses on academic and employment success.

Catawba Regional Development Corporation News

When Pat Dandridge (pictured above with President, Cyndi Mitchell) had the opportunity to expand his business and relocate the refurbishment facility, Catawba Regional and Park Sterling Bank jointly assisted with a total funding package to include land, building and the additional 30 acres. Anderson Crane & Bridge Technologies, Inc. provides hydraulic equipment for under bridge access for […]

Small Business Administration 504 Loan News

Catawba Regional Development Corporation recently partnered with Park Sterling Bank to assist Tega Cay Children’s Academy

CDBG Update – 2 projects receive funding, another underway

The following two projects received funding from the September 2015 round of the Community

SC Mortgage HELP Program Impact

Through the SC Mortgage HELP Program, Catawba Regional provides assistance to responsible homeowners who are struggling to keep their homes

2016 Catawba Regional Elected Officials Forum

January 7, 2016, Richburg, SC.    One hundred local elected officials and legislators from across the four-county Catawba Region met in Richburg

WIOA Youth Getting Work Experience

Area youth enrolled in the WIOA (Workforce Innovation and Opportunity Act) program are learning valuable skills through work experience. They are

Revolving Loan Fund Program Update

Catawba Regional Council of Governments (CRCOG) assisted Pure Gold, Inc. with a Revolving Loan Fund (RLF) loan for two CNC machines when demand for its shotgun chokes outgrew the capacity of its existing machines. Partnering with CRCOG on this project was Park Sterling Bank. Pure Gold’s sister company, Quick Tech Manufacturing, is an existing RLF customer owned […]

CDBG Project Update – Ottaray Mill Village

Union County and the City of Union recently completed neighborhood improvement activities associated with the Ottaray Mill Village. Upgrades included

The Main Street Junction Project – City of Union

The Main Street Junction Project moved a step closer to reality Tuesday when Union City Council authorized Mayor Harold Thompson to negotiate design

Revolving Loan Fund Program Update

S&F Investments, Inc.
dba Popeye’s Louisiana Kitchen  

When existing borrowers, Sidney and Jacquelyn Fulton needed working capital funds,

CDBG Update: Two Projects Awarded – June 2015

The following two projects received funding from the April 2015 round of the Community Development Block Grant – Infrastructure Program:

Brownfields Cleanup Revolving Loan Fund Update

“From Lemons to Lemonade: How DHEC’s Brownfield Cleanup Revolving Loan Fund Can Help” was published in County Focus, in the May 2015

2015 WIA Job Fair Update

SC Works hosted the 2015 Catawba Regional Job Fair held on April 30 at the concourse of the Winthrop University Coliseum.  Representing the tri-county area of Chester, Lancaster and York Counties, 33 companies posted 900 + job openings on the SCWorks website prior to the job fair. This provided job seekers an opportunity to apply […]

Revolving Loan Fund Program Update

Catawba Regional recently assumed the Revolving loan Fund (RLF) loan program from Pee Dee Regional Council of Governments

‘Downtown: The Heart of Union’

The strengths, weaknesses, and potential of downtown Union were the subject of a presentation during a special meeting of Union City Council Monday morning.

Robby Moody, Senior Planner for the Catawba Regional Council of Governments, presented “Downtown: The Heart of Union” which provided council with an overview of the downtown area of the city.

The presentation featured […]

Update – CDBG Grant Applications

The Community Development Planning staff recently submitted a grant application for the Town of Great Falls to the SC Rural Infrastructure Authority

Revolving Loan Fund Program Update

Star Investments Group, LLC
dba Bojangles’ Famous Chicken ‘n Biscuits
Chester, South Carolina

When Raj and Nancy Pathak (pictured below)

CDBG Update – Midway Neighborhood Revitalization Project

In November of 2014, Lancaster County was awarded a $500,000 Community Development

CDBG Update – Paradise Neighborhood Revitalization Project

On November 12, 2014, the Town of Fort Mill was awarded a $500,000 Community

Catawba Regional Development Corporation News

Catawba Regional can assist potential borrowers with a program called Green SBA 504 loan.  Green SBA 504 loan allows lending up to $5.5 million per project if the project generates renewable energy equal to 10% of its total consumption subject to additional requirements specific to Green energy architectural certification.  Green SBA 504 loans have competitive […]

CDBG Update – South Carolina Rural Infrastructure Authority Projects Funded

The following two South Carolina Rural Infrastructure Authority projects received funding in May

SC HELP Program Update

The SC HELP program has now reached the three and a half year mark and will continue to assist qualifying home owners with their mortgages until the federal program, through the US Treasury Department ends in December 2017. While the volume of applicants dropped statewide in April and May by as much as 50%, the […]

Revolving Loan Fund Program Update

Scott and Cindy Clyburn began Logo Works, Inc. in 1999 at their Cherry Road, Rock Hill, SC location.  Logo Works specializes in screen printing and embroidery for small to corporate size businesses in an eight state region.  Two years ago, the Clyburns developed a branded screen printing line called Heybo.  Scott […]

Community Development Block Grant Projects Awarded

The following four projects received funding from the April 2013 round of the Community Development Block Grant – Infrastructure Program: