About Rappahannock Economic Development Corporation
Founded in 1983, Rappahannock Economic Development Corporation (REDCO) is a nonprofit, 501(c)4 certified development company serving Virginia, Maryland, Washington D.C., and parts of West Virginia.
We specialize in providing long-term, fixed-rate financing through the SBA 504 Loan Program for the purchase and renovation of commercial real estate and equipment.
The 504 Loan Program can also be used to refinance real estate, with the ability to access additional funding for improvements and certain other eligible business expenses.
We work with business owners throughout the full loan application life cycle, managing the loan from processing to servicing. With over 41 years of SBA 504 lending experience, we offer personalized guidance and support, helping business owners build equity and preserve working capital for growth and operations.
Our People
Our Board of Directors
Teri Tosti
Chairwoman
Senior Vice President/Small Business Lender,
BCT–Bank of Charles Town
Kristin Shields
Vice Chairwoman
Attorney,
Hirschler
Brian Baker
Immediate Past Chairman
Former Executive Director,
University of Mary Washington Center for Economic Development
George Christopher
Treasurer
Former Partner and Certified Public Accountant,
Santos, Postal & Company, P.C.
Kathy Speakman
Secretary
Senior Vice President,
John Marshall Bank
Bill Oeters
Assistant Secretary
Former Senior Vice President / Commercial Lender,
Carter Bank & Trust
Rich Irons
Vice President,
Burke & Herbert Bank
Jeff Rouse
Senior Vice President,
Burke & Herbert Bank
Curry Roberts
President,
Fredericksburg Regional Alliance
Matt Kelly
Field Adjuster, Loudoun Mutual Insurance Company,
and Former Member Fredericksburg City Council
Jim Howard
Former Supervisor,
King George Board of Supervisors
Steven Apicella
Planning Commissioner,
Stafford County Planning Commission
Mike Kennison
Partner and Certified Public Accountant,
PBMares
Brenda Hisghman
Business Banking Senior Team Lead,
Atlantic Union Bank
Our National and Community Partners
