The Appalachian Development Corporation (ADC) has been a lending partner to businesses in South Carolina since 1982. The ADC was organized to further economic development, job creation and retention while financially assisting in the growth and development of businesses. Using the SBA 504 program, the ADC provides funding to small businesses statewide. Using its internal loan funds, the ADC provides funding to businesses located in Anderson, Cherokee, Greenville, Oconee, Pickens, and Spartanburg counties. Businesses who partner with the ADC may be able to obtain a loan with a lower equity contribution, a long-term amortization, and a fixed interest rate. A financial institution who partners with the ADC can structure its financing package to mitigate credit risk by improving the loan-to-value of a project, enhancing the borrower’s monthly debt service, and requiring a lower equity contribution.
View Top Employees from Appalachian Development CorporationWebsite | http://adcloans.com |
Revenue | $9 million |
Employees | 15 (11 on RocketReach) |
Founded | 1982 |
Address | 880 S Pleasantburg Dr Ste 3E, Greenville, South Carolina 29607, US |
Phone | (864) 382-2350 |
Industry | Financial Services, Banking, Finance |
Web Rank | 23 Million |
Keywords | Appalachian Development Corporation |
Competitors | Alternative Financing Group, Growth Corp, The Pennsylvania Community Development and Finance Corporation |
SIC | SIC Code 61 Companies, SIC Code 614 Companies |
NAICS | NAICS Code 52 Companies, NAICS Code 5222 Companies, NAICS Code 522 Companies |
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The Appalachian Development Corporation annual revenue was $9 million in 2024.
Nancy Childress is the CFO of Appalachian Development Corporation.
11 people are employed at Appalachian Development Corporation.
Appalachian Development Corporation is based in Greenville, South Carolina.
The NAICS codes for Appalachian Development Corporation are [52, 5222, 522].
The SIC codes for Appalachian Development Corporation are [61, 614].