Business
Business

United Community bank acquires South Carolina lender

By Christopher Quinn
June 27, 2014

United Community Bank has acquired South Carolina-based commercial lender Business Carolina.

The acquisition includes about $25 million of loans, $6 million of other assets and most of BCI’s employees.

BCI will operate as a division of United Community Bank under its trade name of BCI Lending together with United Community Bank in Columbia.

BCI Lending offers commercial loans of $50,000 to $5 million to small businesses throughout Georgia, North Carolina, South Carolina and Tennessee. The company specializes in Small Business Administration (SBA) and U.S. Department of Agriculture (USDA) loans. The loans help fund small businesses with everything from acquiring land and renovating facilities to purchasing equipment and refinancing debt as well as funding for startup companies.

About the Author

Christopher Quinn is a writer and editor who has worked for The Atlanta Journal-Constitution since 1999. He writes stories on Veterans Affairs, business including high-tech growth in metro Atlanta, Georgia's $72 billion farm economy, and he oversees assigning and editing news obituaries.

Follow Christopher Quinn on twitter
More Stories

Keep Reading

Ultralong 84-month loans make new cars look budget-friendly. The real price shows up in interest and negative equity. (David Guralnick/The Detroit News/TNS)

Credit: TNS

That low car payment could cost you more in the long run. A lot more.

About a quarter of all car loans now run longer than 72 months, according to Cox Automotive data.

Centennial Yards’ rise heralds a new downtown Atlanta

The $5 billion Centennial Yards project is rising within the 50-acre hole long known as the Gulch, an area once thought to be too complex to ever be developed.

Georgia lost jobs in September, says 1st report since federal shutdown

Georgia’s job market cooled some in September, but the unemployment rate remained steady, according to new data released Thursday by the state Department of Labor.

The Latest

Ultralong 84-month loans make new cars look budget-friendly. The real price shows up in interest and negative equity. (David Guralnick/The Detroit News/TNS)

Credit: TNS

That low car payment could cost you more in the long run. A lot more.

OPINION

Nissan’s e-Power: An EV driving experience, fueled by gas

OPINION

December car sales are good but not magic

Featured

Waymo autonomous vehicles operate across 65 square miles inside I-285 and have been involved in six incidents with Atlanta Public School buses since May. Waymo issued a recall because of their cars briefly stopping or slowing down before continuing forward while a bus was stopped and flashing its lights. (Courtesy of Atlanta Public Schools)

Credit: Courtesy of Atlanta Public Schools

Waymo cars ignored stopped school buses in Atlanta. What happens now?

The National Highway Traffic Safety Administration opened an investigation. The autonomous vehicle company has issued a software recall.

Search for new MARTA chief hits snag

The search for a new leader for the regional transit authority is widely seen as one of the most important duties facing the Marta Board

Georgia high school coach choked player, put another in headlock, warrants say

The Greene County High coach was charged with two counts of aggravated assault and one count of simple battery, according to investigators.