MADC is designated by the Small Business Administration (SBA) as a Certified Development Company to package, close, and service SBA 504 Loans. The SBA 504 loan program provides small business with financing for the purchase of long-term fixed assets such as land, building and equipment. We partner with private lenders, such as a bank, to provide 10 or 20 year financing with as little as 10% down. The SBA financing is fixed typically at below market interest rates.
MADC administers the RLF Program, which is funded by the Economic Development Administration (EDA), to provide funding in partnership with banks for businesses at below market rates. The program’s mission is to provide economic growth through job creation. Areas in the Greater Nashville Region which are eligible for RLF Funds include the 13 Middle Tennessee Counties we serve.
MADC administers the IRP Program, which is funded by the Rural Development Administration, to provide funding for businesses at below market rates. The program is designed to improve economic growth through job creation. Areas in the Greater Nashville Region which are eligible for IRP Funds include cities with populations of less than 25,000 or unincorporated areas in the 13 Middle Tennessee counties we serve.