The Regional Development Company (RDC) of Valparaiso recently received approval from the Small Business Administration to conduct business in Illinois. The RDC will be branching out to McHenry, Lake, DeKalb, Kane, Cook, DuPage, Kendall, Will and Grundy counties. Up until this point, the RDC was certified only in the State of Indiana, with its primary service area in the seven Northwest Indiana counties through Tippecanoe County.
[Photo/provided: L-R Mike Schneider, RDC Board Member; Brian Hittinger, RDC Designated Attorney; Helen Pennington, RDC Board Treasurer; Bob Esquivel, SBA Illinois District Chief of Lender Relations; Erica Dombey, RDC President & Executive Director; Linda Hough, RDC Board Chair; Todd Dickard, RDC Board Member; Dewey Pearman, RDC Board Past Chair.]
“I would like to amplify the importance of the Regional Development Company’s expansion into Illinois and to highlight the importance of this decision for small business. The RDC recognizes the success and job creation we are witnessing from small business growth across state lines and they are taking a stand to accommodate this growth. I applaud the Regional Development Company for their insight and their dedication to protecting the growth of our small business community,” says Marianne Markowitz, SBA Regional Administrator.
“We're excited about our move into the Illinois market,” said Erica Dombey, President and Executive Director of the RDC. “Many of our current Indiana borrowers and referral sources already have locations across the state border, so this expansion will allow us to better serve those people. We don't see the lines dividing cities, counties and states. We see a Chicagoland region, working together to grow small business, fuel job creation and drive the economy. The RDC is thrilled to have the opportunity to be a bigger part of that solution.”
Linda Hough, RDC Chairperson, said, “We are very excited about our expansion into Illinois. The RDC recently celebrated 20 years of assisting small businesses in Indiana with financing needs. We are eager to bring our experience, knowledge and reputation for excellent service to assist the small business community of Illinois in achieving their business goals.”