The Regional Development Company (RDC) recently celebrated 20 years of serving small businesses throughout Northwest Indiana and recognized Centier Bank as “Most Active Bank Partner” during the past two decades. Centier Bank was also honored as “Bank of the Year” in 2013 for its efforts in community business lending.
The Regional Development Company is a certified development company that specializes in the 504 SBA Loan program, primarily in Northwest Indiana. Locally, the Regional Development Company administers the SBA 504 loan program and works with banks to identify potential SBA 504 borrowers.
Over the past twenty years we have built a strong partnership with the RDC, working together to get small businesses the financing that they need to bring support, goods, and services to the community,” stated Mike Schrage, Centier Bank President and CEO. “Our teams have demonstrated strong leadership and a passion for what they do, and that’s what makes Centier Bank and RDC projects so successful.”
As the area’s leading bank in commercial real estate lending, Centier offers the 504 SBA Loan program as an instrument to help local communities grow and develop economically. The program provides small companies with long-term fixed-rate financing for expansion, modernization, and for land and large equipment purchases. In addition, job creation is a defining part of the SBA 504 loan program. In the past 20 years, 5,331 jobs have been created or retained through projects supported by the RDC.