Provident Business Financial Services announces expansion of operations & SBA lending into North Carolina

Columbia, SC , Dec 19, 2022 --Provident Business Financial Services, Inc. (Provident), South Carolina's leading lender for the U.S. Small Business Administration (SBA) 504 commercial real estate loan program announced today their expansion into North Carolina. This brings more affordable, low interest small business SBA loans to Anson, Brunswick, Cabarrus, Gaston, Lincoln, Mecklenburg, Rowan, and Union counties and further expands Provident's mission of economic development through job creation by assisting small business owners purchase, build or expand their operations.

"This is truly an exciting moment for us as we have been investing in our operations and planning for this move while continuing to build on our success in South Carolina. By entering North Carolina, we will be able to continue growing our assistance to small business and banks by improving access to capital to underserved communities.", said Keith Black, President and CEO.

Named #1 Certified Development Company (CDC) Lender in South Carolina by the U.S. Small Business Administration, Provident ranks top in both total number of loans as well as total volume of loan dollars for SBA 504 loans in South Carolina for the sixth consecutive year.

The SBA 504 Loan Program provides businesses financing for the purchase of fixed assets (real estate, buildings and machinery) with long-term fixed rates. The 504 program is a partnership between Provident, SBA, and local banks to provide commercial loans to businesses. The 504 loan has a lower down payment requirement and offers a 25-year fixed rate term, lowering the barrier of entry for many local businesses.

Contact:
Keith Black | kblack@providentbfs.com | 803.791.0071

Provident Business Financial Services
3125 Hebron Drive Suite 201
West Columbia, SC 29169

About Provident Business Financial Services:
Founded in 2003, Provident Business Financial Services, Inc. is a Small Business Administration (SBA) 504 Certified Development Company (CDC) with offices in Columbia and Charleston and providing loans throughout South Carolina and several counties in North Carolina. A not-for-profit licensed and regulated by the SBA, Provident's sole mission is to assist economic development in North and South Carolina by partnering with local banks and credit unions to provide financing to small businesses through long-term, low down-payment, and reasonably priced, fixed-rate loans. Funded project sizes range from $250,000 to $35 million. For the sixth consecutive year, Provident was named by the SBA as South Carolina's top SBA 504 lender in both dollar lent and number of loans provided. Visit Provident on the web at providentbfs.com.

This release was published on openPR.