About REDCO
The SBA 504 Loan Program and REDCO provides affordable long-term fixed rate financing to help healthy, small businesses expand. The loans are for acquiring long-term fixed assets, such as land, buildings, machinery and equipment.
The REDCO professionals work directly with you as they prepare the entire SBA application on your behalf. REDCO fits all of the pieces together to ensure your loan package meets the 504 program guidelines and the credit criteria of the SBA.
REDCO is able to work with all lending institutions, including non bank lenders and private investors, subject to certain eligibility requirements of the SBA. Below you will find a list a few of the lenders that we work with.
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Mission
Rappahannock Economic Development Corporation is a private, non-profit, non-stock membership organization whose mission is:
“To promote economic development and growth of the small business community within the Commonwealth of Virginia.
To promote and increase private sector investment in long-term fixed assets, which will increase productivity, create or retain employment opportunities and increase the local tax base in its area of operations.
In summary, it is the intent of Rappahannock Economic Development Corporation to provide a positive economic impact within its community, or meet a public policy goal of the Small Business Administration (SBA).”
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Staff
Angie Hertel, Program Analyst
A. Blanton Massey, REDCO Counsel
Board of Directors & Officers
Matthew J. Kelly, President
Pete Humes, Vice President
Steven L. Apicella, Secretary
Robert H. Wilson, Asst. Secretary
Donald H. Newlin, Treasurer
Julie Caiafa
Larry M. Cameron
William E. Oeters
Michael L. Torosian
Larry Leonhardt
Randy Harris
Ralph Sutton
Alan Howard
Carig Lewis
James B. Howard
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