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Coastal Area lender briefs Glynn County commissioners on loan programs, offers local data on request
Summary
Terry Lauck, CEO of the Coastal Area District Development Authority, told Glynn County commissioners CADAA partners with banks on SBA and USDA loan products, has a CARES Act revolving fund, and can lend from $20,000 to $5.5 million; Lauck said he will provide county‑specific loan counts on request.
Terry Lauck, chief executive officer of the Coastal Area District Development Authority, told Glynn County commissioners on Sept. 17 that CADDAA is a nonprofit, mission‑based small‑business lender that partners with banks to expand credit access in coastal Georgia. "We're not a bank," Lauck said. "We're a 501(c)(3) nonprofit mission based lender," explaining CADDAA typically takes a subordinate financing…
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