First Community Bank Announces Seminar for Minority Businesses

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First Community Bank is pleased to host the “Access to Capital for Minority Businesses” seminar on October 12, 2022, from 9:00am – 11:30am at Columbia International University. Peter Shand, President of Business Development Corporation (BDC) will present information on the SC State Small Business Credit Initiative (SSBCI) as well as other small business loan programs backed by the Small Business Administration (SBA) and the United States Department of Treasury.

Established in 2010, the SSBCI loan participation program enables small businesses to obtain long-term financing by providing loans with attractive terms and lower down payments. The 2022 SSBCI program has allocated a portion of its funds specifically for minority and underserved businesses.

Michele Abraham, State Director for the SC Small Business Development Center and Paul Schmitt, Director of Lending at CommunityWorks Carolina, will also discuss how their respective organizations assist small businesses including preparations for success in capitalization.

“First Community Bank recognizes the need to connect with all segments of our community ensuring access to capital for our local businesses,” said Ted Nissen, President of First Community Bank. “We felt now was a great time to bring resources together that will benefit our minority businesses for success and significance.”

In addition to the organizations above, sponsors include Glory Communications and Columbia International University. For more information and to register for this event, search for Access to Capital for Minority Businesses on Eventbrite or visit First Community Bank of South Carolina on LinkedIn. The event is free of charge, but seating is limited.

First Community Bank, founded in 1995 and headquartered in Lexington, South Carolina, is a wholly owned subsidiary of First Community Corporation (NASDAQ: FCCO). First Community is a full-service commercial bank offering deposit and loan products and services, residential mortgage lending, and financial planning/investment advisory services for businesses and consumers. First Community serves customers in the Midlands, Upstate, York County, and Aiken, South Carolina, markets, as well as Augusta, Georgia. For more information on First Community Bank, visit www.firstcommunitysc.com.


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