Rappahannock Economic Development Corporation
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Since 1983, Rappahannock Economic Development Corporation (REDCO) has been committed to sustaining the growth, development and expansion of small business throughout Virginia. As a non-profit commercial lender, REDCO is certified through the Small Business Administration to facilitate the 504 Loan Program. Our program provides commercial real estate and long-term equipment financing to small businesses, offering low down payments and very favorable 20-year fixed rates to help your business grow.

With over 30 years of SBA 504 lending experience, REDCO is a proud expert in the 504 Loan Program. Our team provides an efficient, quick financing process, working directly with you to prepare the entire loan application on your behalf, ensuring that the loan package meets the SBA’s 504 Program guidelines and the credit criteria. REDCO works with all lending institutions, including non-bank lenders and private investors, bringing the right team together to meet your business goals.

Who Qualifies?

To be eligible for SBA 504 financing a business must be established as a for-profit enterprise.
Examples of eligible business structures include: Corporations, Partnerships,
Limited Liability Companies, and Sole Proprietorships.

Fixed Rates

The SBA 504 interest rate is fixed
for the term of the loan and the participating
first trust lender sets the rate on their loan.
Current All-in Rate:
4.641%
REDCO does the SBA paperwork for you