The Purchase Area Development District
- Company typePrivate
- Founded1969
- HeadquartersMayfield, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
The Purchase Area Development District firmographics
Firmographics- Name
- The Purchase Area Development District
- Legal name
- Purchase Area Development District
- Website
- https://purchaseadd.org
- Company type
- Private
- Founded year
- 1969
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
The Purchase Area Development District industry classification
Industry- Product category
- Regional Economic Development & Planning Services
- NAICS
- Administration of Housing Programs, Urban Planning, and Community Development (925), Administration of Urban Planning and Community and Rural Development (92512)
- SIC
- Asset-Backed Securities (6189)
- akta.pro primary industry
- SBA/Government-Backed & Development Finance Loans (FSAKAGAI)
- akta.pro secondary industries
- Government-Backed CRE Lending (FHA/HUD/USDA) (FSALADAE), National/Regional Development Finance Institutions (DFIs) (FSABAKAB), Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory (BPAJANAL)
Keywords
Where The Purchase Area Development District is headquartered
LocationHeadquarters
- HQ city
- Mayfield
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
The Purchase Area Development District business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D
Revenue model
- Grant Administration: PADD obtains and administers grants from federal and state agencies including SBA, USDA, and EDA to fund regional development programs and services.
- SBA 504 Loan Program: As a Certified Development Company, PADD delivers up to 40% of project financing for SBA 504 loans. The program funds all loans through the sale of bonds, accessing public capital markets with SBA guarantee.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Other | Free business consultation and assistance services |
| Other | Other | SBA 504 Loan Program - below-market fixed rates with 10% down payment |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
The Purchase Area Development District product offering
Product offeringCore offering
PADD is a regional planning and development agency that administers federal/state grants (SBA, USDA, EDA, SHIP, Feeding America) and delivers small business financing, human/social services, and local government planning for the Purchase Region of far-west Kentucky. Core offerings include the SBA 504 Loan Program (up to 40% project financing via SBA-guaranteed bond sales), free business consultation/assistance, GIS-based regional transportation and infrastructure planning, hazard mitigation, water/wastewater planning, and aging/disability resource navigation.
Product overview
The Purchase Area Development District (PADD) is a regional planning and development organization serving far-west Kentucky that offers a diverse collection of programs and services organized into several categories: Business Lending Services (including SBA 504 Loan Program, PADD Small Business Assistance, and WKWB Business Services), Social Services (Aging & Disabilities Resource Center, Commodity & Food Bank, Grandparent & Caregiver Programs), Local Government Services (Transportation Planning, GIS Mapping, Hazard Mitigation, Water & Wastewater Planning), and Economic Development Programs (Comprehensive Economic Development Strategy, Grant Administration). The organization serves as an intermediary between small business owners and public sector financing programs, providing both financial access and consultation support. Additionally, PADD coordinates regional meetings and planning activities including E-911 services and public transportation coordination across multiple transit authorities (FCTA, MCTA, PATS).
Differentiator
Problem solved
Functional benefit
Products and services
- SBA 504 Loan Program A small business financing program providing up to 40% of project financing for fixed-asset acquisition (commercial real estate and long-life machinery/equipment) via SBA-guaranteed bond sales, enabling up to 90% commercial financing at below-market fixed interest rates with low down payment (typically 10%) and long amortization terms. Targeted at small businesses in the Purchase Region.
- PADD Small Business Assistance Free consultation services for small businesses from start-up through expansion, providing guidance on obtaining public-sector financing, business plan development, financial projections, and application processes. Targeted at small business owners and entrepreneurs in the Purchase Region.
- Business Lending Department Services Intermediary services connecting small business owners with public-sector financing programs (SBA, USDA, EDA), including training, financial support, and access to federally funded financing. Targeted at small business owners seeking capital they cannot obtain through conventional lenders.
- Loan Programs Suite of public-sector loan offerings for small businesses, including SBA Economic Injury Disaster Loans and other federal loan programs accessed via PADD. Targeted at small businesses needing disaster recovery or growth capital.
- WKWB Business Services West Kentucky Workforce Board business services for new and existing employers in the Purchase Region, coordinated through PADD. Targeted at regional employers needing workforce development and business support.
- Aging & Disabilities Resource Center Resource directory and assistance for elderly individuals and persons with disabilities, providing information about available services, Medicare counseling (SHIP), and an annual resource directory. Targeted at seniors, individuals with disabilities, and their caregivers.
- Commodity & Food Bank County-organized food pantry services providing food assistance during crisis or food insecurity through Feeding America and USDA commodity programs. Targeted at food-insecure individuals and families in the Purchase Region.
- Grandparent & Caregiver Programs Support programs and resource navigation for grandparents and caregivers raising children under 18. Targeted at grandparents and relative caregivers in the Purchase Region.
- Transportation Planning Services Regional transportation planning including coordination with Fulton County Transit Authority (FCTA), Murray-Calloway Transit Authority (MCTA), and Paducah Transit System (PATS), as well as Paducah-McCracken MPO activities. Targeted at local governments and transit authorities in the Purchase Region.
- GIS Mapping Services Geographic Information System (GIS) and GPS mapping services for local government and regional planning purposes including transportation, infrastructure, and community development analysis. Targeted at county and municipal government planning departments.
- Hazard Mitigation Planning Planning services to help communities reduce vulnerability to natural hazards and disasters, including tornado relief employment programs. Targeted at counties, cities, and emergency management agencies in the Purchase Region.
- Water & Wastewater Planning Water quality management and wastewater planning services for local governments. Targeted at water/wastewater utilities and municipal public works departments in the Purchase Region.
- Local Government Assistance Comprehensive support services for local governments including planning, grant administration, and regional development coordination. Targeted at county and municipal governments throughout the Purchase Region.
- Comprehensive Economic Development Strategy Strategic planning services to promote economic development and quality of life improvements across the Purchase Region. Targeted at local governments and economic development stakeholders.
- Disaster Relief Employment Services Temporary full-time jobs and employment assistance for individuals who lost jobs due to disasters such as tornadoes. Targeted at displaced workers in the Purchase Region following natural disasters.
Quantifiable outcome
- Up to 90% commercial financing at below-market, fixed interest rates through SBA 504 program
- +2 more outcomes
Companies that use The Purchase Area Development District
Customer profileSegments5 records
Ideal customer profiles4 records
The Purchase Area Development District technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
The Purchase Area Development District partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Kentucky State GovernmentcorePADD is partnered with state agencies as part of the Kentucky network of 15 Area Development Districts, administering state and federal grants for programs including workforce development and senior services.
- West Kentucky Workforce Board (WKWB)coreWKWB Business Services offer a variety of services to assist new businesses and current employers. PADD coordinates with WKWB for workforce development and business services in the region.
- Purchase Area Transit Authorities (FCTA, MCTA, PATS)corePADD coordinates with the three transit authorities (Fulton County Transit Authority, Murray-Calloway Transit Authority, and Paducah Transit System) for regional public transportation planning and coordination.
- Kentucky Transportation Cabinet (KYTC)corePADD works with KYTC for transportation planning, including Paducah-McCracken MPO coordination meetings held at the KYTC office at 5501 Kentucky Dam Road, Paducah.
- KY Council of ADDsminorPADD is a member of the Kentucky Council of Area Development Districts, which provides information sharing and coordination among the 15 Kentucky ADDs.
Scale indicators3 records
Recent moves5 records
Expansion highlights4 records
The Purchase Area Development District competitors and assessment
Company assessmentEmerging players
- Small Business Development Centers (SBDC) Network: Federally funded SBA-affiliated small business assistance providers that overlap with PADD's free consultation and SBA 504 referral role, particularly for entrepreneurs seeking financing and business plan support.
Direct peers
- Kentuckiana Regional Planning and Development Agency (KIPDA): Louisville-area ADD providing regional planning, transportation coordination, and community development services. Closest large-metro peer to PADD within Kentucky's ADD framework, with broader scope but same structural model.
- Lincoln Trail Area Development District: Kentucky ADD serving a multi-county region with similar economic development, infrastructure planning, and human services programs. Closely comparable in mandate, funding model, and service mix to PADD.
- Cumberland Valley Area Development District: Southeastern Kentucky ADD offering the same portfolio of small business lending, workforce, and community development services. Directly comparable structural peer within Kentucky's ADD network.
- Northern Kentucky Area Development District: One of the other 15 designated Area Development Districts in Kentucky. Provides the same regional planning, small business assistance, and infrastructure coordination role as PADD, making it a direct structural peer within the Kentucky ADD system.
- Barren River Area Development District: Another Kentucky ADD serving south-central Kentucky. Offers the same combination of small business lending, social services, transportation planning, and local government support that PADD provides, operating under identical state-level governance.
- Pennyrile Area Development District: Kentucky ADD serving the Pennyrile region with the same regional development, workforce, and community planning mandate as PADD. Shares program structures, federal partnerships, and funding sources.
- Bluegrass Area Development District: Kentucky ADD serving the Lexington/Bluegrass region. Provides small business lending, workforce development, aging services, and local government planning under the same state-defined ADD charter.
- Green River Area Development District: Western Kentucky ADD with overlapping service area adjacent to PADD's Purchase Region. Comparable in rural economic profile, small business assistance programs, and federal grant administration role.
Others
- National Association of Development Organizations (NADO): National membership association representing regional development organizations including ADDs, EDDs, and planning commissions. Provides policy advocacy, training, and peer benchmarking relevant to PADD's operating model.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
The Purchase Area Development District social profiles
Digital presenceThe Purchase Area Development District financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Purchase Area Development District leadership team
Management profileNumber of profiles
The Purchase Area Development District funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Purchase Area Development District M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Purchase Area Development District
What does The Purchase Area Development District do?
PADD is a regional planning and development agency that administers federal/state grants (SBA, USDA, EDA, SHIP, Feeding America) and delivers small business financing, human/social services, and local government planning for the Purchase Region of far-west Kentucky. Core offerings include the SBA 504 Loan Program (up to 40% project financing via SBA-guaranteed bond sales), free business consultation/assistance, GIS-based regional transportation and infrastructure planning, hazard mitigation, water/wastewater planning, and aging/disability resource navigation.
Is The Purchase Area Development District a public or private company?
The Purchase Area Development District is a private company. It is classified as state government owned and is currently operating.
When was The Purchase Area Development District founded?
The Purchase Area Development District was founded in 1969. It employs 51 to 100 people.
Where is The Purchase Area Development District based?
The Purchase Area Development District is headquartered in Mayfield, United States, in the North America region.
How does The Purchase Area Development District make money?
Two revenue lines are on record. Grant Administration is the primary driver. The others are SBA 504 Loan Program.
Who are The Purchase Area Development District's main competitors?
Small Business Development Centers (SBDC) Network is listed as an emerging player. Direct peers are Kentuckiana Regional Planning and Development Agency (KIPDA), Lincoln Trail Area Development District, Cumberland Valley Area Development District, Northern Kentucky Area Development District, Barren River Area Development District, Pennyrile Area Development District, Bluegrass Area Development District and Green River Area Development District. National Association of Development Organizations (NADO) is listed as an others.
Does The Purchase Area Development District have an API?
No public API is recorded for The Purchase Area Development District.
What industry is The Purchase Area Development District in?
The Purchase Area Development District's product category is Regional Economic Development & Planning Services. Its primary akta.pro industry code is FSAKAGAI, SBA/Government-Backed & Development Finance Loans, with a secondary code of FSALADAE, Government-Backed CRE Lending (FHA/HUD/USDA). Its NAICS code is 925 and its SIC code is 6189.