Commercial Retention & Redevelopment Program (CRR)
The first round of applications have been received, evaluated and awarded.  The following businesses will be starting projects later in the month of March 2018:

KBEL Properties, 3035 Farrow Road
Cathy's Hair Styling Salon, 3116 Farrow Road
Wells ETAL, 3118 Farrow Road

Outing's Barber Shop, 3705 West Beltline Blvd.
Coaplen Trust, 3830 West Betline Blvd.

Congratulations to these most recent awardees!

We anticipate having information on the next target area no later than June 2018.  Please check back!
Forgivable Commercial Loans
♦  CRR Brochure
♦  Step-by-Step Guidelines
♦  Application Package Checklist
♦  Application
Commercial Loan Candidates must apply for a Facade Improvement Forgivable Loan/Grant to be eligible for this additional, multipurpose $10,000 forgivable loan.  Please contact 803.545.3259 for more information.
OBO is happy to welcome our new Commercial Loan Officer, Bret Whiting.  Mr. Whiting will be handling loans for businesses and commercial property owners within the corporate limits of the City of Columbia.  Bret has 25 years of banking experience and is an excellent addition to the City Family.  Please contact Bret at 803.545.3259, or [email protected].  


City-wide Commercial Loan Criteria


Funds may be used for the following:OBO JPEG CRLF Signing
* Building construction or rehabilitation
* Business conversion or expansion
* Purchase of real estate, machinery, equipment., supplies,
  or materials
* Working capital

To be eligible for funding through the Commercial Revolving Loan Fund (CRLF):
* Businesses must be located within the corporate city limit of the City of Columbia
* Project must retain or create a certain number of jobs per amount funded
* Certain funds require participation of private lenders and can only be used to fund part of an entire project
* An equity investment on the part of the applicant may be required

Application Process
1. Contact the City of Columbia's Office of Business Opportunities for more information and to get a loan
2. Applicants must submit the following:
    a. Completed Loan application
    b. Three (3) years of taxes and financial statements (business and personal)
    c. Three (3) years of financial projections for the business
    d. Business plan (start-ups) or plan for expansion/rehabilitation. etc.
3. Completed applications are reviewed by staff and if they meet requirements, forwarded to the Commercial
    Revolving Loan Fund committee for review and approval/disapproval.

Commercial Loan Application
Commercial Loan Brochure
Commercial Revolving Loan Fund Code - R-2013-117


Commercial Loan Committee Members
Kathleen Abraham
Jennifer Bishop, Chair
Dianne Rushing
Gloria Saeed
Mills Snell
Ashley Wheeling Goodson

Contact Office of Business Opportunities at 803.545.3950
Photographs by Ambro; Courtesy of