South Carolina Community Loan Fund conducts its annual demand survey in an attempt to better understand community development in our state. This year, we shifted the focus slightly, because we wanted to look beyond quantifying the unmet demand. We wanted to understand more about the barriers to successfully financing a community development project, and what we could do to help remove those barriers.
When asked about the obstacles standing between potential borrowers and adequate project financing, one of the top reasons cited was lack of equity. Also among the top three most common reasons were an organization's startup status, and respondents being unsure of how to apply.