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Energy companies, Bank of America expand solar power in state
Bank of America plans to help Duke Energy, NativeEnergy and Birdseye Renewable Energy expand their solar energy portfolio in low-to-moderate income communities across the Carolinas and Texas.
Bank of S.C. reports lower earnings year over year
President Fleetwood S. Hassell said the bank is doing well in mortgages and deposits. The bank also originated 266 loans totaling more than $37 million as part of the federal Payroll Protection Program.
Upstate Giving, July 13
Greenwood’s The CountyBank Foundation donated $20,000 to the Greenwood Area Habitat for Humanity as one installment of a $100,000 donation over five years.
Greenville angel investor group matches 2019 investment numbers
Despite 2020’s financial uncertainty, VentureSouth has helped finance 17 startups across the country and support existing companies navigating the crunch of an economic shutdown.
Anderson and Greenville-based credit unions merge
Anderson Federal Credit Union and Greenville’s SC Telco Federal Credit Union have agreed to combine $500 million in assets in a merger announced June 30.
$79 million in CARES Act funding open to Greenville businesses
Greenville County opened the door to $70 million in stimulus funding for Greenville businesses on July 6. Minority small businesses and public health providers also can apply for grants from the $5 million and $4 million funds.
United Community Bank finishes merger with Three Shores Bancorporation
United Community Bank plans to add Seaside National Bank’s wealth management platform and commercial and industrial lending program to its repertoire at locations across the Carolinas and Southeast.
‘Keep this energy up:’ Black-owned businesses see surge of interest amid racism protests
People are showering Black-owned businesses with support in the wake of protests against police brutality. The sudden attention on inequality in America has spun numerous online lists spotlighting Black-owned companies.
Spartanburg Chamber and CommunityWorks launch COVID-19 business fund
A $453,000 loan pool offers low-interest, forgivable loans to small businesses across the county that have been impacted by COVID-19.
Pinnacle Financial Partners moves into new Spartanburg building
Pinnacle Financial Partners moved into a new building in Spartanburg after operating for most of the year in a temporary location. The drive-thru opens today and Pinnacle hopes to open the lobby in July if the pandemic threat subsides.
Does insurance cover damage from uprisings? What you need to know about filing claims
Businesses, homes and cars damaged or vandalized in the uprisings and civil unrest after the death of George Floyd in Minneapolis will be covered by most insurance policies, with few exceptions, industry experts say.
Survey sees slight increase in optimism among small-business owners
A May survey from National Federation of Independent Business Research Center shows that May finds small-business owners more optimistic about future business conditions than responses from an April survey.
