The MicroBusiness Program is made possible through our partnership with the SC Department of Commerce. The program launched in 2014 to ensure that South Carolina’s smallest businesses have the capacity to create jobs, build skills and enhance the self-sufficiency of low-income households.
MicroBusinesses are defined as businesses that require $25,000 or less in start-up capital and have five or fewer employees. 92% of all U.S. businesses are microbusinesses.
The MicroBusiness Program will provide capital to microentrepreneurs in underserved areas of the state through a competitive grant program and deliver development services to help establish or expand microbusinesses. This program is the first of its kind in South Carolina and will help foster the development of a permanent, statewide infrastructure of microloan delivery organizations to support the microbusinesses and small business sectors in the state.
2016 Program Impact