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.
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