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About The Program

Michelin Development provides loans to start-up, small and medium sized companies in the Upstate of South Carolina and East Alabama. The focus of the Upstate, South Carolina program is socially and economically disadvantaged businesses.

How Do I Quality: Program Criteria and Loan Process

Michelin Development loans are offered at the prevailing prime interest rate (there is no plus ups). Loans are from $10,000. to $100,000. Terms are up to 5 years plus the first 6 months are interest only. We do not required personal guarantees, but loans will be secured against business assets. The decision to provide loans is at the discretion of the Michelin Development Steering Committee and its decision is final.

Michelin Development offers Free of Charge access to our business expertise. This is available in all areas where we have internal expertise except for Legal advice. This expertise must be problem, project or issue specific and is for a maximum of five days. We do not help clients start or run their companies. We only make suggested recommendation and do not implement.