South Carolina Business Loans

South Carolina, the Palmetto State, has a unique and diverse economy. In the last decade South Carolina’s local economy has continued to grow, with thousands of companies and jobs expanding throughout the state. South Carolina is fortunate to have a talented workforce and an ideal geographic location to drive business. There are a multitude of industries scattered across the state, both large and small. The aerospace, manufacturing, biotechnology, tourism and transportation industries supply a sizeable portion of the state’s revenue.

Due to its geographical location the transportation industry continues to thrive. With its close vicinity to major cities such as Atlanta and Charlotte there are unique opportunities for business owners. South Carolina is home to one of the largest container ports in the country, the Port of Charleston. Truck financing, invoice factoring, and equipment financing in South Carolina are essential to the success of the transportation industry. The states proximity and location to major cities not only benefits the transportation industry but also the tourism and hospitality industry.

With an abundance of beautiful shorelines and popular destinations like Charleston, Columbia, Myrtle Beach, and Hilton Head, the state’s economy thrives off tourism. Businesses use small business loans and hotel loans in South Carolina to balance the busy and slow seasons. With miles of shoreline across the state, the fishing industry also prospers. Shrimp, clams, crabs, oysters and snapper supply the bulk of the industry’s revenue. AB Funding provides business loans in South Carolina to a wide range of industries to help continue to grow the local economy.