Did you know that HCDC finances business growth in three states? As a Certified Development Company (CDC), HCDC is regulated by the U.S. Small Business Administration (SBA) as a nonprofit company to cover a specific geographical area.
Since HCDC is located in the heart of the Tri-State area, the SBA authorizes it to serve the entire State of Ohio, the Commonwealth of Kentucky, and three counties in Southeast Indiana. In addition to Southwest Ohio, this multi-state coverage allows business owners, in places such as Lawrenceburg, IN and Northern Kentucky, to deal with neighbors rather than travel 100 miles to the next closest CDC.
There are about 270 CDCs nationwide and most can only operate in their home state, making HCDC a unique and centrally located resource for SBA business finance.
As a top SBA 504 loan provider, HCDC has financed more than $1.0 billion in approved projects in Ohio, Kentucky, and Southeast Indiana. That investment means approximately 10,000 new jobs have been created from these growing businesses, improving the economic health of local communities.