Current All-In Rates: 5.59% (10-year), 5.59% (20-year), and 5.64% (25-year)
Rappahannock Economic Development Corporation

Business Owners

As your business grows, a major consideration is the need for new space or for additional long-term equipment or machinery. Acquiring an existing building or constructing a new facility is a great way to build equity, control costs, and hold onto a long term investment, and may provide additional tax advantages versus leasing. Our loans are designed to help you buy, construct and improve commercial properties, as well as to buy and install long term machinery and equipment.

While conventional bank financing may make the cost of acquiring real estate and long term equipment difficult due to higher down payment requirements, REDCO and the 504 Program can help you achieve your goal through these key advantages: