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SMALL BUSINESS INVESTMENT COMPANIES HAVE INVESTED MORE THAN $203 MILLION IN SOUTH CAROLINA OVER THE LAST 5 YEARS.

Small Business Investment Company Impact in South Carolina

  • SBICs have made 105 financings in 39 small businesses in South Carolina since 2018.
  • SBICs have invested $203.5 million in South Carolina small businesses since 2018, with $37.5 million invested in FY 2022.
  • South Carolina businesses that received financing from SBICs in 2022 supported 616 employees.

A sampling of the South Carolina-based companies that have received SBIC financing:

SantoLubes LLC (Spartanburg)

SantoLubes LLC, manufacturer of Santovac, Santotrac and Santolube products, offers unique and innovative synthetic fluids, lubricants, and greases that provide solutions for difficult applications. These lubricants and greases are used where extreme high temperature, chemical inertness, radiation resistance, and difficult lubrication problems are encountered. The SANTOVAC, SANTOTRAC, ACCL and SANTOLUBES lines of products are designed to protect critical components in a variety of applications.

The company has a long history of serving aerospace, electronics, aviation, automotive, power, and industrial sectors. SantoLubes lubricants and greases have been approved by major OEMs in many industries and have been qualified under military specification.

  • SBIC Investment: $3,001,600

 

Compact Power Equipment Inc. (Fort Mill)
Now Home Depot

Compact Power Equipment, Inc. ® is a fast-growing, innovative leader in the rental and service of commercial and light construction equipment. Headquartered in Fort Mill, SC, just outside of Charlotte, NC, the company specializes in equipment life-cycle management and supports its professional technicians with a fully dedicated, handheld technology, state-of-the-art customer care center and parts management and distribution service center. Its customers include some of the best brands in the DIY market including The Home Depot, Walmart, Lowe’s, Levolor, Target, and Best Buy.

  • SBIC Investment: $3,124,890