Atlanta, GA (PRWEB) March 24, 2008
Georgia Certified Development Corporation, Georgia's leading SBA 504 lender announced today their approval as a multi-state U. S. Small Business Administration 504 CDC expanding their reach beyond Georgia to begin servicing Tennessee, Florida, Alabama and South Carolina. Already ranked as the #1 Georgia based CDC for loan dollar volume for the second year in a row, GCDC now brings their expert lending abilities to Tennessee, northern Florida, including Duval and Nassau counties and the Opelika, Alabama and Aiken, SC metro areas.
GCDC's goal is to stimulate economic growth by creating jobs, revitalizing or redeveloping business districts, and developing businesses in rural communities. GCDC is already making an impact in Tennessee. In late 2007 and in January of 2008, GCDC approved over $2 million in loans for a Microtel Inn & Suites in Manchester, TN and a Super Shine Car Wash in Brainard, TN. These two projects will create over 20 new jobs over the next two years. GCDC has eight other loans in process and will continue to impact Tennessee through their recently opened office in Chattanooga.
Leading the explosive growth in Tennessee and headquartered in GCDC's Chattanooga office will be newly appointed Vice President and Business Development Officer, Matt Eicholtz. Eicholtz adds considerable experience on the development side and has years of experience in the pharmaceutical industry and was most recently Vice President/General Manager of Wilcorp Development Corporation.
With a proven track record in the small business lending market, GCDC is highly praised by lenders such as Temecula Valley Bank, CIT, Haven Trust, United Central Bank and others for their ability to turn loan packages around quickly and efficiently. This in turn ensures the approval process is hassle free for both their lending partners and the business borrower.
"We've worked hard to establish ourselves as the SBA 504 lender of choice here in Georgia," said Ronald W. Tigner, President of GCDC. "As a former banker I understand the importance of service and being right the first time on questions of loan structure and eligibility". Tigner added "Lenders and small businesses talk to each other and with the success we were having in Georgia, businesses and lenders working in neighboring Tennessee and north Florida kept calling us asking if we could help and now, we're proud to say YES".
About Georgia Certified Development Corporation
Headquartered in Atlanta, GA, Georgia Certified Development Corporation (GACDC) is an SBA 504 Lender specializing in long-term, below market fixed rate financing for business real estate and equipment. The SBA 504 program allows a business to purchase land, acquire or construct buildings, and acquire equipment and fixtures. Across the US, 270 CDCs approved over 10,000 SBA 504 loans totaling over $6.4 BILLION. For the fiscal year ending September 30, 2007, the ten (10) CDCS operating in Georgia approved 410 loans for over $212 million. For additional information visit http://www.gacdc.com.