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05/25/2016

First Community Bank Recognized with Awards for Commercial Lending Excellence

May 25, 2016 (Lexington, SC) – First Community Bank was recognized with two awards for commercial lending excellence during the 2016 annual meeting of Business Development Corporation (BDC) and its associate company Certified Development Corporation (CDC). The meeting was held on May 12 in Columbia.

Each year, BDC and CDC recognize their 35 member banks for excellence in commercial lending services. First Community Bank received the following awards:

  • CDC Award for the greatest number of loans approved in 2015
  • South Carolina State Small Business Credit Initiative (SSBCI) Loan Participation Award for top participating lender

BDC is a non-bank commercial lending company that partners with financial institutions to provide another arm of financing to small businesses which are unable to obtain financing through traditional lending sources.

CDC is a private, nonprofit corporation associated with BDC that provides long term fixed rate debenture financing under the Small Business Association (SBA) 504 lending program.