Our Mission
To make capital available to small businesses by working in conjunction with banks to provide SBA 504 loans and other economic development loans. The Economic Development Corporation (EDC) has the solution to certain small business financing needs. Programs that provide reasonable rates, lower down-payments, and longer repayment terms on loans for eligible small businesses are now available through the EDC. Up to 90 percent financing is available for fixed assets such as land, buildings, equipment and lease hold improvements. The broad-reaching program encourages bank to make loans that they might not ordinarily make on their own. If you have been unable to get long-term financing at reasonable rates, then the EDC may have a loan for you. Call 770-536-7839 Today!
Our History
Created in 1982 as a non-profit Certified Development Company, the EDC is authorized to make loans in cooperation with private lending sources - the Bank that you already trust and deal with daily.
504 Historical
20 Year Loan*
November 2009 - 5.50%
October 2009 - 5.14%
September 2009 - 5.14%
August 2009 - 5.39%
July 2009 - 5.24%
*priced every other month
10 Year Loan*
November 2009 - 4.7%
October 2009 - no sale
September 2009 - 4.25%
August 2009 - no sale
July 2009 - 4.37%
*priced every other month