Lenders
The Bank of South Carolina
The Bank of South Carolina is a state-chartered community bank serving the Berkeley, Dorchester, and Charleston communities. Its commercial lending is described as tailored to the business rather than packaged: owner-occupied real estate loans, investment property loans, and working capital lines of credit are the named categories, with the page noting that other structures are available.
The bank states that all loan decisions are made locally, which it links to quick approvals. Alongside lending it runs business deposit accounts, eCorp internet banking, wire transfers, and a merchant services programme covering credit, debit, and e-check acceptance with same-day or next-day funding and an online merchant dashboard. A mortgage origination department handles home financing.
The bank was organised on 23 October 1986 and opened its first office in February 1987. It is a wholly owned subsidiary of Bank of South Carolina Corporation, which was established in 1995. Offices were added in Summerville, Mt. Pleasant, West Ashley, North Charleston, and, most recently, James Island. Deposits are FDIC-insured and the bank publishes routing number 053201872.
The commercial loans page publishes no loan minimums or maximums, property types, loan-to-value limits, amortisation, recourse terms, or cash-out policy, and the rates page covers deposit products only. Call the bank for commercial credit terms.
Best for
Lowcountry South Carolina business owners and small investors buying owner-occupied or income property who want a local credit decision from a community bank. Not a fit for borrowers outside the Charleston area.
What they do
- Owner-occupied commercial real estate loans
- Investment property loans
- Working capital lines of credit
- Mortgage origination
- Business deposit and checking accounts
- eCorp internet banking for businesses
- Wire transfers
- Merchant credit card and e-check processing
Details
| Attribute | Value |
|---|---|
| Founded | 1986 |
| Ownership | Subsidiary |
| Other offices | Summerville, SC, Mt. Pleasant, SC, West Ashley, SC, North Charleston, SC, James Island, SC |
| Lender type | Bank |
What stands out
- Organised in 1986 and opened its first office in 1987; a wholly owned subsidiary of Bank of South Carolina Corporation.
- States that all loan decisions are made locally, which it links to quick approvals on commercial requests.
- Has grown to six offices, adding Summerville, Mt. Pleasant, West Ashley, North Charleston and, most recently, James Island.
- Merchant services include same-day or next-day funding availability and an online merchant dashboard.