Use of grants.

S.C. Code Ann. § 11-56-70
in effect
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A grant made by the department to a microloan delivery organization may be used to: (1) satisfy matching fund requirements for other federal or private grants; (2) establish a revolving loan fund from which the microloan delivery organization may make loans to microenterprises; (3) establish a guaranty fund from which the microloan delivery organization may guarantee loans made by financial institutions to microenterprises; and (4) provide funding for the operating costs of a microloan delivery organization.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t11c056.phpFetched: 10/17/2026

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