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Georgia Certified & Associate Development Companies

 

CDC/504 Program

The CDC/504 loan program is a long-term financing tool, designed to encourage economic development within a community. The 504 Program accomplishes this by providing small businesses with long-term, fixed-rate financing to acquire major fixed assets for expansion or modernization.

A Certified Development Company (CDC) is a private, nonprofit corporation which is set up to contribute to economic development within its community. CDCs work with SBA and private sector lenders to provide financing to small businesses, which accomplishes the goal of community economic development. Typically, a CDC/504 project includes:

  • A loan secured from a private sector lender with a senior lien covering up to 50 percent of the project cost
  • A loan secured from a CDC (backed by a 100 percent SBA-guaranteed debenture) with a junior lien covering up to 40 percent of the project cost
  • A contribution from the borrower of at least 10 percent of the project cost (equity)

This type of setup means that 100% of the project cost is covered either by contribution of equity by the borrower, or the senior or junior lien.

 CERTIFIED & ASSOCIATE DEVELOPMENT COMPANIES

*Accredited Lender Program (ALP)and Priority Closing
** Priority Closing Status Only

 

 

*CAPITAL PARTNERS CERT. DEV. COMPANY

Ms. Barbara Benson, President

6445 Powers Ferry Rd, Suite 210

Atlanta, Georgia 30339

Tracy Adams, Contact

PHONE 404/475-6019

FAX   404/475-6014

 

**COASTAL AREA DISTRICT DEVELOPMENT AUTH.

Mr. Andrew Standard, CEO

501 Gloucester Street, Ste 201

Brunswick, Georgia 31520

Andrew Standard, Contact

PHONE 912/261-2500

FAX   912/261-0032

 

**CSRA BUSINESS LENDING

Mr. Randy Griffin, President

3023 Riverwatch Parkway, Ste A

Augusta, Georgia 30907-2016

Randy Griffin, Contact

PHONE 706/210-2010

FAX   706/210-2031

 

ECONOMIC DEVEL. CORP. OF FULTON COUNTY

Mr. Robert J. Shaw, Chairman

5534 Old National Hwy, Bldg H- Suite 300

College Park, GA  30349

Eugene Merriday, Contact

PHONE 404/836-7731

FAX   404/836-7712

 

*FLORIDA BUSINESS DEVELOPMENT dba

GEORGIA SMALL BUSINESS CAPITAL

Deborah Possick Herron, SVP

4500 Hugh Howell Road, Ste 640

Tucker, GA  30084

Deb Herron or Brent Swanson, Contact

PHONE    404-373-8601

FAX      404-373-8706

 

**GEORGIA CERTIFIED DEVELOPMENT CORPORATION

Mr. Tony Christopher, President & CEO

3405 Piedmont Rd, Ste 500

Atlanta, GA  30305

Tony Christopher, Contact

PHONE 404/442-2480

FAX   404/442-2481

 

GA REsource CAPITAL, INC.

POLK# 7025582-47

Mr. Tim Souther, Acting Executive Director

5400 Laurel Springs Pkwy, Ste 802

Suwanee, GA  30024

Tim Souther, Contact

PHONE    770/205-9800

FAX      678/815-0870

 

 

GEORGIA SMALL BUSINESS LENDER, INC

Mr. W.L. Brown, President

175 Emery Highway, suite C

Macon, Georgia 31217

Clayton Black, Contact

PHONE 478/751-6160

FAX   478/751-6517

 

NORTH GEORGIA CERTIFIED DEVELOPMENT CORP.

Mr. Dan Penland, President

503 West Waugh Street

Dalton, Georgia 30720

Jennifer Whorton, Contact

PHONE 706/272-2300

FAX   706/272-2253

 

*SMALL BUSINESS ACCESS PARTNERS, INC dba ECONOMIC DEVELOPMENT CORPORATION

C115465-38

Ms. Lorra Lee, President

460 S. Enota Drive

P.O. Box 3340

Gainesville, Georgia 30503

Lorra Lee, Contact

PHONE 770/536-7839

FAX   770/536-9026

 

*SMALL BUSINESS ASSISTANCE CORPORATION

POLK # C115860-02

Mr. Tony O’Reilly, President

111 E. Liberty Street, Ste 100

P.O. Box 10750 (31412)

Savannah, Georgia 31401

Tony O'Reilly, Contact

PHONE: 912/232-4700

FAX:   912/232-0385

 

SOUTHERN GEORGIA AREA DEVELOPMENT CORPORATION

Mr. David Summer, President

327 West Savannah Ave.

P. O. Box 1223

Valdosta, Georgia 31601

Michelle Frey, Contact

PHONE 229/333-5277

FAX   229/333-5312

 

STATEWIDE CDC

Brent Swanson, Executive Director

5755 N. Point Parkway

Suite 25

Alpharetta, GA 30022

Brent Swanson, Contact

PHONE 770/837-9528

Fax   770/837-9369

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