The Southern Georgia Regional Commission has two non-profit corporations to administer the loan programs. The Southern Georgia Area Resource Development Agency, Inc. (ARDA) administers the Revolving Loan Fund (RLF) made up of Economic Development Administration funds and Rural Development funds. The Southern Georgia Area Development Corporation (ADC) administers the Small Business Administration 504 loan program. The ADC and ARDA are governed by the same membership. They are a mirror image of one another. The board has eighteen members appointed by the Southern Georgia Regional Commission from the eighteen county area. The SBA, EDA and RD agencies have set certain requirements for membership on the loan board. Members must represent financial institutions, the community, government or the private sector. The loan board meets once a month, or as needed.
Southern Georgia Area Resource Development Agency, Inc. (ARDA)
Southern Georgia Area Development Corporation (ADC)
The ARDA/CDC loan board is diligent in its administration of all of the SGRC's loan programs. Their focus is local economic development and improving the economic condition of both individuals and their communities. The fact that the loan program is administered locally is one of its strongest attributes. The economic development needs of the Southern Georgia region are best known by those who work daily in the region.