NGCDC, Inc. is a private nonprofit corporation certified by the U.S. Small Business Administration (SBA) to facilitate small business development through business financing assistance. The NGCDC, Inc. works on behalf of small businesses to provide financing for their start-ups and expansions, information and referral services, and technical assistance. The NGCDC, Inc. can package, close, and service loans statewide, but its primary service area is the fifteen county Northwest Georgia area.

The Northwest Georgia Regional Commission (NWGRC) serves as the administrative entity and staff for the NGCDC, Inc. The NWGRC works with the NGCDC to make loans under the Small Business Administration's (SBA) 504 program, the NGRDC's Revolving Loan Fund (RLF) program, and other business financing services.

The NGCDC operates under the guidance of a Board of Directors elected by the NGCDC's corporate members from the fifteen-county region. The Board approves loans and guides the goals and operations of the NGCDC. The NGCDC Board and corporate membership consists of local officials, community business leaders, and private lenders who voluntarily contribute their time and expertise to the NGCDC programs.

What is a CDC?

A Certified Development Company (CDC) finances business expansion through the purchase or development of a building and/or major equipment via the SBA 504 loan program. CDC's are certified by the Small Business Administration (SBA) to offer the SBA 504 Loan Program. NGCDC, Inc. staff will work directly with you to develop a financing package that meets program guidelines and the credit capacity of your business.

What is an SBA 504 Loan?

The United States Small Business Administration (SBA) enables growing businesses to secure long-term, fixed-rate financing for commercial real estate and/or major machinery and equipment through the SBA 504 Loan Program. The program is designed to promote local economic development by helping healthy, growing businesses finance the acquisition of long-term fixed assets, including land, buildings, and major machinery and equipment. The 504 Program gives small business owners access to the same low-cost, fixed-rate, long-term financing that large businesses have through the bond markets.