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Before You Apply

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Our Lending
Before You Apply

Before You Start Your Loan Application

Please review our Application Checklist so that you know what documents you will be asked to submit. Check out our Small Business Application Workshop slides for information on loans, funding, and our application process. Small Business Application Workshop

Are You Eligible for a Loan?

CLIMB Fund follows strict lending guidelines based on SBA 7(a) loan program requirements. We prioritize businesses that align with our mission to drive growth and opportunity in South Carolina. Review the types of businesses we support, eligibility requirements, and what you need to know before applying. Lending Guidelines

Please Note

To retrieve your work on the Application Checklist on multiple devices, type in your email address. If you will be using the checklist on only one device, you can continue without entering your email address. Also, your progress and notes on the checklist are not monitored by CLIMB Fund staff, so please feel free to use it as you see fit.

Complete Business Plan which includes:

A summary of the business

Description of products and services, marketing strategy, customer, competitors, etc.

A resume for all owners and management

Information of the workforce, staffing needs, and projected growth

Three-year projection of income and cash flow, (Monthly breakdown for 1st year and annually for years 2 & 3)

Pro Forma template

Business financial statements (current balance sheet and P&L)

If a startup, please include a projected balance sheet showing proposed distribution of assets, liabilities, and equity.

3 months of business bank statements (if applicable).

Business Federal Tax Returns for previous 3 years (if applicable)

Personal Federal and State Tax Returns for previous 3 years

Proof of YTD income

Summary of use of proceeds with corresponding proof (estimates, quotes, pricelists, etc.)

Personal Financial Statement (all business owners with 20% or greater ownership)

Copy of identification (driver’s license, passport, etc.)

Lease, LOI, or description of desired business location

Copy of business documentation (if applicable)

Articles of Organization

https://businessfilings.sc.gov/BusinessFiling/

Business License

EIN Letter

https://www.irs.gov/businesses/small-businesses-self-employed/employer-id-numbers

Operating Agreement

If more than one owner

Certificate of Existence

Prior to loan closing

Bank declination communication (for requests of $20,000 or greater)

Completed CLIMB Fund Application

Non-Refundable Program Participation Fee of $125.00 to be paid after all documentation is submitted

My Notes

(843) 973-7298
info@climbfund.org

Join the Team

Lowcountry

2 Race St.
Charleston, SC 29403

Grand Strand

522 Broadway St.
Suite A
Myrtle Beach, SC 29577

Midlands

1225 Laurel St.

Suite 213
Columbia, SC 29210

Upstate

269 S. Church St.
Suite 309-F
Spartanburg, SC 29306

Western

337 Aiken Road
Wagener, SC 29164

In accordance with federal laws and U.S. Department of the Treasury policy, this organization is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to: U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employment Opportunity 1500 Pennsylvania Avenue, N.W., Washington, DC 20220; call (202) 622-1160; or send an e-mail to: crcomplaints@treasury.gov.”

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