The Regional Development Company (RDC) is a Certified Development Company (CDC). CDCs are regional economic development organizations that are licensed by the U.S. Small Business Administration (SBA). CDCs cover various geographic regions that can range from a single county in a state to a multi-state region.
The RDC makes loans under the SBA 504 loan program to assist small business. The RDC processes, approves, closes and services all loans. Funding is arranged by the RDC through the Central Servicing Agent, who issues a bond. In all ways, the RDC is the direct lender for the SBA 504 loan program.
EDCMC partners with the regional RDC and local banks in assisting businesses.