Banking & Finance

The economic recovery loan program is focused on assisting small and minority-owned businesses in 15 states, including South Carolina. Thirteen Community Development Financial Institutions are originating loans purchased by the fund. … Read More

The SOAR Fund aims to help small businesses and historically underbanked organizations throughout the South. An application portal, scheduled to open in April, will offer loans of up to $100,000. … Read More

State and federal funds have provided stopgap help as business owners across the state cope with a constantly changing landscape and try to chart a post-pandemic future. … Read More

Across the state, officials say the level of panic has subsided, but the need among small businesses remains. Columbia-based Optus Bank is already processing 600 applications. … Read More

Under the agreement, to be completed through an expedited reorganization under Chapter 11 of the U.S. Bankruptcy Code, Sycamore Partners will retain majority control of the Charlotte-based department store. … Read More