ADC Commits to Increase SBA 504 Lending in Rural Areas by 5% over the next year
Monday, October 21st, 2019
The U.S. Small Business Administration Tennessee District Office, the U.S. Department of Agriculture, and the Tennessee Department of Economic and Community Development (ECD) cohosted event across the State of Tennessee focused on the development of rural small businesses and farms highlighting the ECD Drive Innovation Bus. The East Tennessee event was held September 23, 2019 at the Athens Market Pavilion in Athens, Tennessee. Counties being target in East Tennessee for 2020 are Bradley, McMinn, Meigs, Monroe, and Polk. The event was designed to educate entrepreneurs, small business owners and community organizations about the federal lending programs and resources available through SBA, USDA, and ECD. Areawide Development Corporation has committed to increase its lending in rural counties by 5% next fiscal year. If you would like more information about the SBA 504 loan program please contact Debbie Sudhoff at 865-238-2752.
Pictured: East Tennessee lenders that have committed to increase rural lending