What Metro Area Development Corporation does

Metro Area Development Corporation (MADCO) is a non-profit Certified Development Company (CDC) founded in 1984 and headquartered in Oklahoma City, Oklahoma. The organization administers the U.S. Small Business Administration's SBA 504 Loan Program, providing long-term, fixed-rate financing to small businesses for owner-occupied commercial real estate acquisition, new construction, renovation, site improvements, and long-life machinery and equipment. Loan features include a 10% borrower down payment (vs. 20-30% conventional), fixed interest rates locked for 10, 20, or 25 years, and maximum SBA 504 portions of $5.5 million standard or $6.5 million for manufacturers under the Made in America Manufacturing Initiative. The 50/40/10 financing structure pairs MADCO's SBA 504 second mortgage with a 50% first mortgage from a partner commercial bank and a 10% borrower equity contribution.

MADCO generates revenue through a transaction-fee model: a one-time fee of approximately 2.75% on the SBA 504 portion (capitalized into the loan and amortized) plus an ongoing monthly servicing fee equal to 0.625% of the declining loan balance, with additional carve-outs to the SBA (0.368%) and central servicing agent (0.100%). The program is designated as zero-subsidy, meaning the company operates without ongoing taxpayer funding. MADCO reaches Oklahoma small businesses through direct sales outreach (phone, email), a content-driven website, and educational blog content, working closely with community banks that originate the first mortgage. Its customer base spans for-profit small businesses meeting SBA size standards, with named use cases including manufacturers, medical practices, hotels and hospitality, and other owner-occupied commercial enterprises. As a non-profit CDC, MADCO is not a venture or private equity investment candidate; it is a mission-driven intermediary whose principal value is the SBA-granted authority to administer 504 debenture financing in its Oklahoma service area.

Name

Metro Area Development Corporation

Legal name

Metro Area Development Corporation

Website

https://madco.net

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Short description

Metro Area Development Corporation (MADCO) is a non-profit Certified Development Company in Oklahoma City that administers SBA 504 loans, providing long-term, fixed-rate financing to small businesses for owner-occupied commercial real estate and equipment purchases across Oklahoma.

Ownership category

akta.pro rank

Product category

SBA 504 Small Business Financing

NAICS

Administration of Housing Programs, Urban Planning, and Community Development (925)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

akta.pro secondary industry

National/Regional Development Finance Institutions (DFIs) (FSABAKAB)

Keywords

• SBA 504 loans
• Small business financing
• Commercial real estate loans
• CDC loan programs
• Fixed rate financing

Headquarters

HQ city

Oklahoma City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Others

Revenue model

1. SBA 504 Loan Fees: MADCO generates revenue through SBA 504 loan program fees. Fees on the SBA 504 loan portion are approximately 2.75 percent of the loan amount, which are added to the loan and amortized over the term. Additionally, MADCO receives monthly servicing fees based on the declining balance of SBA 504 loans: 0.625% to CDC, 0.368% to SBA, and 0.100% to the central servicing agent.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Metro Area Development Corporation (MADCO) is a non-profit Certified Development Company (CDC) that originates and services SBA 504 loans for small businesses, primarily in Oklahoma. The company packages fixed-rate, long-term financing — typically structured as 50% from a partner lender, 40% SBA-backed debenture, and 10% borrower equity — for owner-occupied commercial real estate, construction/renovation, machinery and equipment, and site improvements, including the Made in America Manufacturing Initiative.

Product overview

Metro Area Development Corporation (MADCO) is a non-profit Certified Development Company (CDC) offering SBA 504 Loan Program services for small businesses in Oklahoma. The core offering is the SBA 504 Loan Program, which provides long-term, fixed-rate financing for commercial real estate and equipment acquisition. The program features a 50/40/10 financing structure with loans up to $5.5 million ($6.5 million for manufacturers). Additional offerings include specialized financing for real estate purchases, machinery and equipment, site improvements, and the Made in America Manufacturing Initiative for manufacturers. The company operates as an intermediary between small businesses and the SBA, providing expert guidance through the loan application process.

Differentiator

Problem solved

Functional benefit

Products and services

• SBA 504 Loan Program Fixed-rate, long-term SBA 504 financing for small businesses, structured as 50% first mortgage from a partner lender, 40% SBA-backed debenture, and 10% borrower equity.
• SBA 504 Real Estate Financing Below-market fixed-rate financing for the purchase, construction, or renovation of owner-occupied commercial real estate, with up to $5.5 million SBA 504 debenture.
• SBA 504 Machinery & Equipment Financing Long-term fixed-rate financing for the acquisition of machinery and equipment for small business operations.
• Site Improvements & Infrastructure Financing Fixed-rate SBA 504 financing for site improvements and infrastructure associated with owner-occupied commercial property.
• Made in America Manufacturing Initiative Financing SBA 504 financing track for small U.S. manufacturers, permitting a larger maximum SBA debenture (up to $6.5 million) for qualifying manufacturing projects.

Quantifiable outcome

• Loans up to $5.5 million ($6.5M for manufacturing)
• +2 more outcomes

Segments5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• U.S. Small Business Administration (SBA)coreStrategic or Co-development PartnerMADCO operates as a Certified Development Company (CDC) in partnership with the SBA to administer the SBA 504 Loan Program. This partnership enables MADCO to provide long-term, fixed-rate financing to small businesses with favorable terms including low down payments and competitive interest rates. The SBA 504 program is a zero-subsidy program sustained through borrower and lender fees.

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• MassDevelopment: Massachusetts' quasi-public economic development finance authority offering SBA 504 lending among a broader portfolio of business financing and real estate development programs. Comparable CDC function but operates at broader scope with additional development finance capabilities beyond MADCO's narrow SBA 504 focus.
• National Development Council (NDC): A national nonprofit economic development organization that supports CDCs and provides training, capital, and technical assistance for SBA 504 lending. Comparable in nonprofit structure and mission but operates as a support organization rather than direct lender, serving the CDC ecosystem.

Others

• NADCO (National Association of Development Companies): The national trade association representing CDCs across the United States. MADCO is a member organization within this ecosystem. Provides industry advocacy, training, and resources that directly support CDC operations like MADCO's.
• Oklahoma Small Business Development Centers: A statewide network providing free business advising and training to Oklahoma small businesses. Not a lender but functions as a potential referral partner and ecosystem participant that overlaps with MADCO's Oklahoma small business customer base.

Direct peers

• Florida First Capital Finance Corporation: A Florida-based Certified Development Company providing SBA 504 loans for small businesses. Directly comparable as a regional CDC with similar fee-based revenue model, SBA partnership structure, and small business focus on commercial real estate and equipment.
• New York Business Development Corporation (NYBDC): A Certified Development Company administering SBA 504 loans across New York State. Same CDC regulatory structure and SBA partnership model as MADCO, with comparable product offering for small business commercial real estate and equipment financing.
• California Statewide CDC: One of the largest CDCs in the U.S., administering SBA 504 loans across California. Comparable to MADCO in business model (CDC partnership with SBA) but operates at much larger scale and in a different geographic market.
• Mountain West Small Business Finance: A Certified Development Company operating in the Mountain West region, administering SBA 504 loans for small businesses. Directly comparable as a regional CDC with the same SBA partnership model, fee-based revenue structure, and small business focus.

Emerging players

• Accion Serving Illinois and Indiana: A nonprofit small business lender offering SBA 504 loans and other community development financing. Comparable in nonprofit mission and SBA lending focus but also offers microloans and alternative financing products beyond MADCO's pure SBA 504 model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/metro-area-development-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Metro Area Development Corporation