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Financial District

Southern Development Council, Inc.

We are an Alabama-based Certified Development Company, and we specialize in the SBA 504 Loan Program. We have been in operation since 1983 as one of the first Alabama CDCs facilitating the 504 product. This product offers fixed-asset financing for U.S. based, for-profit small businesses. Click the "Learn More" button to be directed to the 504 Loan Information tab for more information.

Analysing the Numbers

Certified Development Company (CDC)

Southern Development Council, Inc. is a Certified Development Company designated by the Small Business Administration (SBA) to work with lending partners to provide financing to small businesses nationwide.  CDCs are non-profit entities that help promote economic growth within their area of operations. SDC services the state of Alabama, a few counties in Mississippi, and the Florida Panhandle,.

Lending Partnerships

Southern Development Council, Inc. partners with lending institutions in order to provide financing through the SBA 504 Loan Program. The typical loan structure is a 50/40/10 split in which the lending institution finances 50% of the total project costs, SDC lends 40% of the total project costs through the SBA, and the remaining 10% is a required equity injection from the borrower.


  • This is the typical loan structure, but this varies depending on the project and years of operation. Please see the SBA 504 Loan Information page for other possible structures.

Business Meeting

Client Testimonials

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Zack Henderson Insurance Agency, Inc.

Southern Development Council helped Zack finance the purchase of his new office building through SDC’s direct RLF Program. They recently had a ribbon cutting and we’ve included some pictures of Zack, his team, and their new building below. If you live in the Gardendale area and you’re looking for a new insurance agent, give Zack and his team a call or stop in to see their beautiful new location.


When asked about his process with SDC, Zack said, “SDC made my building purchase process extremely easy. The process was so quick and painless! I honestly closed way faster than expected and could not believe it. I’ve been blessed to be a business owner for just over four years now, and to get to own my very own building in the process has been amazing. SDC helped make that possible and I’m extremely thankful for everything they’ve done to help me!”

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