Appalachian Development Corporation

Appalachian Development Corporation is a loan agency in Greenville, SC, that has provided financing to small businesses across the state since 1982. The organization works with for-profit companies needing capital for land, buildings, and equipment, partnering with banks to structure long-term, fixed-rate financing packages. It primarily serves Anderson, Cherokee, Greenville, Oconee, Pickens, and Spartanburg counties through its internal loan fund and reaches businesses statewide through the SBA 504 program. The agency holds a 5.00 rating based on five customer reviews.

The Appalachian Development Corporation was created to advance economic development, job creation, and retention by financially assisting the growth of small businesses. Its two core lending vehicles are the SBA 504 Loan Program, which delivers long-term, fixed-rate, subordinate financing for the acquisition or renovation of capital assets, and the Appalachian Loan Fund (ALF), a locally controlled source of low-cost, long-term, fixed-rate financing tied to job creation and private-sector investment. Borrowers who partner with the ADC can often access loans with a lower equity contribution, long-term amortization, and a fixed interest rate, while partner banks can mitigate credit risk, improve loan-to-value ratios, and strengthen monthly debt service. The ADC has financed projects ranging from the construction of a salon facility in Powdersville and the purchase of a law office building in Greenville, to the refinancing of a Charleston dental practice, the renovation of an aesthetics business in Boiling Springs, and the purchase of a downtown Abbeville storefront. The office is led by Executive Director Autumn Hunter, supported by Loan Officer Caleb Hamby, Senior Loan Processor Marla Woodman, and Accounting staff member Katherine Lefkowitz, CPA, CGMA, and is guided by a board with backgrounds in financial risk management, commercial lending, legal issues, and economic development.

The agency has served SC businesses for more than four decades, making it one of the longest-operating small-business lenders in the upstate region.

Services:

• Appalachian Loan Fund
• SBA 504 Loan Program