Areawide Development Corporation

Who We Are

Areawide Development Corporation (ADC) is a non‐profit company that was formed in 1981 for the purpose of fostering and strengthening economic development in East Tennessee through business loan programs.

ADC is comprised of 28 members represented by the following groups:

  • Private‐Sector Lending Institutions
  • Community Organizations
  • Business Organizations
  • Governmental Entities

ADC is governed by a 10 member Board of Directors elected yearly by its membership. ADC’s Loan Review Committee reviews all loan applications before being acted upon by the Board of Directors. The Loan Review Committee is comprised of local loan officers, bank presidents and business directors who advise the ADC Board of Directors on each loan’s fiscal soundness and feasibility.

What We Do

ADC provides affordable financing to small businesses for fixed‐asset acquisitions through three (3) loan programs ‐SBA 504, Rural Development IRP and ETDD Revolving Loan Fund. In 1982, ADC was certified by the U.S. Small Business Administration to administer the SBA 504 Loan Program. ADC received funding from the USDA and the Tennessee Growth Fund in 1993 to re‐loan to businesses through the Rural Development Intermediary Relending Program. ADC also administers the East Tennessee Development District (ETDD) Revolving Loan Fund funded by the Economic Development Agency. ADC is responsible for marketing, packaging, closing and servicing each of these loan programs.

Since its inception, ADC has closed 268 loans totaling $142 million in financing, which, in turn, has created 5,059 job opportunities throughout the East Tennessee area.

Who We Serve

ADC serves small businesses located in the counties as defined by the East Tennessee Development District region. The counties are as follows: Anderson, Blount, Campbell, Claiborne, Cocke, Grainger, Hamblen, Jefferson, Knox, Loudon, Monroe, Morgan, Roane, Scott, Sevier and Union.

In 1994, ADC was granted permission by the U.S. Small Business Administration to expand its coverage of the SBA 504 Loan Program into the following counties: Carter, Greene, Hancock, Hawkins, Johnson, Sullivan, Unicoi and Washington.

In November 2003, ADC was granted permission by the U.S. Small Business Administration to expand its coverage of the SBA 504 Loan Program on a statewide basis across all of Tennessee. However, ADC continues to focus on developing business and relationships in the East Tennessee market though their various loan programs.

Contact Us

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Mailing Address

Areawide Development Corporation
P.O. Box 249
Alcoa, TN 37701
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