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. 

map of 14 county 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.

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10-Year Fixed

5.971%

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20-Year Fixed

6.084%

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25-Year Fixed

6.012%

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

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News & Announcements

May 19, 2026
Today, the U.S. Small Business Administration (SBA) launched the Patriot Pitch Competition, a national celebration of 250 years of American free enterprise and the small businesses that drive innovation, create jobs, and generate economic growth. Featuring a $1 million cash prize pool donated by Clover Network, Inc. (Clover), the competition is open to eligible small businesses that represent the promise of American innovation and opportunity, and who have utilized qualifying SBA capital products. “From the family farm to the factory floor, small businesses have punched above their weight for the last 250 years to power America’s economy, which is why the SBA is proud to spotlight the legacy and potential of entrepreneurship through the Patriot Pitch Competition,” said SBA Administrator Kelly Loeffler. “This nationwide contest will award a total of $1 million in cash prizes to small businesses whose innovation, grit and leadership are helping build America’s next great era of strength, prosperity, and competitiveness on the world stage. We look forward to demonstrating how small business is big business for our nation – and to highlighting the resilient job creators and local businesses who are delivering the services, products, and solutions that are defining America’s future.” “The Clover team couldn’t be prouder to support SBA’s Patriot Pitch event. This competition truly embodies the spirit of innovation, fierce competition, and American ingenuity - the very same values that define Clover,” said Takis Georgakopoulos, Fiserv Co-President. The Patriot Pitch Competition will progress through four stages of judging, with submissions evaluated on: strengthening American competitiveness innovating and demonstrating an outsized impact within an industry delivering economic opportunity and quality jobs showing strong fundamentals and execution readiness The competition will culminate in a one-day finals event in Washington, D.C., to be held in September, where the top finalists will pitch live before a panel of notable judges and a national audience for national recognition and the opportunity to win a share of the $1 million prize pool funded by Clover. In addition to the live competition, the Patriot Pitch finals event will feature prominent speakers from business, government, and industry, a supplier matchmaking expo connecting small businesses with larger companies and contracting opportunities, and networking opportunities with investors, industry leaders, and policymakers. Small business owners interested in competing are encouraged to submit an application by June 10. Additional details on eligibility, competition stages, and event programming can be found at http://www.sba.gov/freedom250 . 
A man with a beard and glasses is wearing a suit and tie.
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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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.