Rappahannock Economic
Development Corporation
Lenders Giving Back to the Community

For the banker wishing to participate as the 50% lender, you get CRA credits; you lend at a lower loan to value ratio; you keep a growing customer happy; you have lower risk because the SBA 504 loan is in second position behind you. The community gets the advantage of keeping or attracting a healthy, growing small business segment that will be creating jobs and doing other beneficial things in their community.

Benefits for the Lender

Excellent loan to value
Market interest rate on lender loans
Community Reinvestment Act credits for the bank
Timely loan packaging and approval
No SBA paperwork for lender
504 effectively extends the lender's ability to service large clients

Lenders

SBA 504 Loan Program

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.

Access National Bank

Alliance Bank

BB&T

Cardinal Bank

First Citizens Bank

First Market Bank
Provident Bank

Resource Bank

Second Bank & Trust

Sona Bank

SunTrust Bank

PNC Bank

Union Bank & Trust Company

Virginia Community Bank

Virginia Commerce Bank

Virginia Heartland Bank

Wachovia