ARDA/ADC Lending Board
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.