History of the Program

The Small Business Administration’s 504 Loan Program is a long-term financing tool for economic development within a community. The SBA 504 Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land, buildings and large equipment. A Certified Development Company (CDC) is a nonprofit corporation set up to contribute to the economic development of its community. CDCs partner with the SBA and private-sector lenders to provide financing to small businesses.  The Regional Development Company is a CDC for the State of Indiana.

The Regional Development Company is certified by the U.S. Small Business Administration to work directly with businesses in the State of Indiana in accessing the same capital markets as publicly traded companies.  There is no cost to the taxpayer.  Private investment firms sell pools of government-backed securities in the capital markets to fund the 504 loan program.

Contrary to the belief that the SBA is only for businesses that can’t secure financing elsewhere, the 504 loan program is designed to assist existing, healthy, creditworthy businesses.  The credit requirements in this program mirror conventional underwriting practices of local lending institutions with one important difference:  The business can leverage 90% financing and conserve valuable working capital to grow sales and expand their work force.

What We Do

The Regional Development Company (RDC) is a Certified Development Company, licensed by the U.S. Small Business Administration.  We serve northern Indiana businesses seeking funding to help grow their company.

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Latest News

November 2011 - Regional Development Company Presents Awards, Welcomes New Board Members.

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Contact Us

Have questions about your options for expansion?  We are here to help.

Contact Us

1757 Thornapple Circle
Valparaiso, Indiana 46385 (map)

phone: 219.476.0504
fax: 219.476.4141