is a non-profit small business lender located in New Bern, North Carolina. Offering the SBA 504 loan program, the USDA IRP, and the Defense Ventures Fund; NRDA's goals are job creation coupled with sustainable economic growth. Since its beginning in 1979, NRDA has loaned over $90mm to business owners throughout North Carolina.
makes small business loans to new and expanding businesses that have been unable to obtain conventional financing or that need to leverage conventional financing. Our goals are to enhance economic development, create jobs and entice lending institutions to lend more money to small businesses by providing subordinate long-term financing. Lending institutions may earn CRA credits by using any of NRDA’s loan programs.
NRDA has over $4.1 million available for direct lending. We also participate in the SBA 504 loan program. Our in-house loans range in size from $15,000 to $150,000. The SBA 504 loans start at $50,000 with a maximum of $5 million for the SBA portion, $5.5 million for manufacturing facilities.
NRDA is an Equal Opportunity Lender