Providing Small Business Lending Solutions

The East Texas Regional Development Company, ETRDC, was established in 1983 as a non-profit Certified Development Company as designated by the U.S. Small Business Administration (SBA).

Our mission is to promote and assist with the economic development of East Texas through small business lending. Our primary lending program is the SBA504 small business loan.

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LET US HELP YOU FIND A LOAN!

We are available to meet with lenders, borrowers, and others who are potentially interested in utilizing the SBA 504 loan program to meet their small business financing needs. Learn more about our loan types below.

SBA 504 Loan

The SBA504 Loan program is a federal initiative to provide healthy, expanding or start-up businesses with long-term financing to promote economic development and focus on job creation.

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Chapman Loan

Chapman Loans can be used for fixed assets, new construction, renovations, leased property, equipment, inventory and working capital.

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We are with you EVERY STEP of the way

East Texas Region

We are certified to lend anywhere in Texas. However, we are located in and administered by the East Texas Council of Governments (ETCOG). Councils of Governments are voluntary associations of local governments formed under Texas law. ETCOG serves fourteen counties in the East Texas region.

Current Loan Rates

SBA504 Loan Rates are updated monthly on the week of the 8th.

This rate is the all-inclusive rate which includes the rate of the note along with on-going servicing fees.

10-Year Fixed

6.506%

20-Year Fixed

6.447%

25-Year Fixed

6.373%

U. S. Small Business Administration Table of Small Business Size Standards

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News & Announcements

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ETCOG Hires Kimbrough to Manage Business Lending Programs

By East Texas Council of Governments / ETRDC • June 30, 2025

Executive Director David Cleveland has named Luke Kimbrough as the new Regional Lending Manager for the East Texas Council of Governments (ETCOG). In this role, Kimbrough will oversee the day-to-day operations of the East Texas Regional Development Company’s (ETRDC) small business loan programs. He will work closely with the ETRDC Board, manage financial and administrative services, and ensure the program follows all state and federal guidelines. Kimbrough brings with them more than seven years of experience in banking and employee benefits. Before accepting this position, Kimbrough served as CEO of the Banking Center at Citizens Bank in Gladewater. His previous roles include Vice President at First National Bank of Hughes Springs in Liberty City, Benefits Consultant for Colonial Life in Longview, and Branch Manager for Regions Bank in Kilgore. Before his banking career, Mr. Kimbrough served for several years as the Director of Public Information and Regional Services at ETCOG. “It is a great pleasure for me to welcome Luke back to the ETCOG Family! His exceptional work in the banking community for many years position him for even greater success with our ETRDC Business Lending Programs. I am glad he is back and am even more excited to see the steady growth and expansion of one of our most important economic development programs that will undoubtedly occur under his leadership!” said Executive Director David Cleveland. “I am excited to come back to ETCOG and the East Texas Regional Development Company,” said Kimbrough. “Spending the last decade in banking, I have gained much more experience in financial analysis and commercial lending. There is a lot of work ahead to help the businesses and economy of East Texas.” The ETRDC is a nonprofit organization that is certified and regulated by the U.S. Small Business Administration. Its main purpose is to support local economic development by helping small businesses access long-term, fixed-rate financing. ETRDC offers financing through the SBA 504 Loan Program and Chapman Loan Program.

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ETRDC Partners with Local SBDC and SBA to Host Lenders Roundtable in Longview

By East Texas Regional Development Company • August 31, 2022

The East Texas Regional Development Company will sponsor an East Texas Lenders Roundtable hosted by UT Tyler-Longview Small Business Development Center (SBDC) and the Small Business Administration to discuss SBA 7a loans and 504 lending basics. Expert panelists will discuss various loan programs and resources to help businesses increase their portfolios and obtain financing.

CUSTOMER ALERT:

The East Texas Regional Development Company is an independent entity and is not affiliated with any outside funding agencies, government bodies, or financial institutions unless explicitly stated otherwise. We do not perform cold calls to or seek online payments from our clients. If you receive a call from anyone purporting to represent ETCOG or ETRDC and soliciting money to acquire a loan, that person does not represent ETCOG or ETRDC and you should not provide any such person with any funds for that purpose. Any loan applications are processed strictly between the ETRDC, a local bank, and the Small Business Administration.

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