Current All-In Rates: 5.30% (10-year), 5.30% (20-year), and 5.35% (25-year)
Rappahannock Economic Development Corporation

History

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 participate in the 504 Loan Program. Our program provides commercial real estate and long-term equipment financing to small businesses, offering low down payment and very favorable 20-year fixed rates to help your business grow.

REDCO is strategically located in the University of Mary Washington Foundation building next to UMW’s Center for Economic Development and the Small Business Development Center. In 2015, REDCO partnered with the university’s Center for Economic Development to provide the CEO + Program, bringing a collection of training, business intelligence and financial counseling designed to strengthen the capabilities of business owners.

REDCO was among the first certified development companies to participate in the SBA’s VetLoan Advantage Program, a commitment to assist veteran-owned businesses achieve their small business goals by offering reduced fees to both the business and participating bank lender, making REDCO and the 504 Program more affordable and attractive to our clients and partners.