REDEC/RRC

Name

REDEC/RRC

Legal name

REDEC Relending Corporation

Website

https://redec.us

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Community Development Lending

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

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

akta.pro secondary industry

SBA/USDA Government-Backed Loan Intermediation (FSAEAEAI)

Keywords

• Small business lending
• Microloan financing
• Community development lending
• SBA microloans
• Gap financing

Headquarters

HQ city

Painted Post

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Loan Interest Income: REDEC generates revenue through interest charged on loans it provides to small businesses, including microloans up to $15,000, gap financing up to $500,000, and SBA microloans. The organization also administers loan funds on behalf of the Southern Tier Economic Development Corporation (STREDC) through grant funding awarded by New York Empire State Development.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

REDEC/RRC is a nonprofit community development lender providing microloans (up to $15,000), SBA microloans, gap financing (up to $500,000 alongside bank loans), and business acquisition loans to small businesses in New York's Southern Tier. All borrowers receive free pre-loan guidance and post-closing mentorship from dedicated business advisors, with the organization also administering STREDC's economic development loan funds across eight counties.

Product overview

REDEC/RRC is a nonprofit lending organization offering a unified suite of financing products for small businesses in the Southern Tier of New York. The core offerings include microloans (up to $15,000) for entrepreneurs who don't qualify for bank financing, gap financing (up to $500,000) provided alongside banks when deals can't close at traditional lenders, SBA micro loans, and business acquisition loans. All borrowers receive free business advisory services including one-on-one guidance, post-loan mentorship, and access to free workshops. The organization operates as two sister entities—REDEC (501(c)(4)) serving Chemung, Schuyler, and Steuben counties, and REDEC Relending Corporation (501(c)(3)) extending to Tioga County—plus administering loan funds for STREDC across eight counties.

Differentiator

Problem solved

Functional benefit

Products and services

• Microloans Loans up to $15,000 for small businesses that may not qualify for traditional bank financing due to being new, lacking sufficient collateral, or otherwise not meeting conventional criteria; targeted at Southern Tier of New York small businesses.
• Gap Financing Financing up to $500,000 provided alongside bank loans when a deal cannot quite close at the bank, bridging the funding gap for otherwise viable business projects; delivered in coordination with regional partner banks in the Southern Tier.
• SBA Micro Loans

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Southern Tier Economic Growth (STEG)coreStrategic or Co-development PartnerBoard Vice-Chair Jill Koski represents Southern Tier Economic Growth. STEG is a key regional economic development partner that connects small businesses with REDEC/RRC financing resources.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Regional players

• New York Business Development Corporation (NYBDC): NYBDC is a statewide nonprofit development finance institution offering SBA 504 and 7(a) loans, growth financing, and small business lending across New York. Comparable to REDEC/RRC as a New York-focused development lender serving borrowers with gap financing and SBA products, though NYBDC operates statewide and at materially larger scale.
• Appalachian Community Capital (ACC): ACC is a nonprofit CDFI intermediary serving small businesses across Appalachia through partner lenders, providing capital and capacity building to CDFIs in distressed geographies. Comparable to REDEC/RRC in rural/community development lending focus, though ACC operates as an intermediary CDFI at a regional scale rather than as a direct-to-borrower microlender.

Direct peers

• Kiva U.S. Kiva is a nonprofit crowdfunding microlending platform that funds zero-interest loans for small businesses and entrepreneurs, including SBA-microloan-style products in partnership with CDFIs. Comparable to REDEC/RRC in mission, microloan product structure, and nonprofit lending model serving borrowers who cannot access bank credit.
• LiftFund: LiftFund is a nonprofit small business lender and SBA Microloan intermediary providing microloans, SBA loans, and business advisory services across the southern and southwestern U.S. Closely comparable to REDEC/RRC as an SBA Microloan program participant offering small loans plus business coaching to underserved entrepreneurs, though operating at significantly larger geographic scale.
• Accion Opportunity Fund: Accion Opportunity Fund is a nonprofit CDFI providing small business loans (microloans up to ~$100K), SBA 7(a) and Community Advantage loans, and advising to underserved small business owners in California and nationwide. Comparable to REDEC/RRC in serving mission-driven, nonprofit small business lending with technical assistance, but operating at much larger national scale.
• Grameen America: Grameen America is a nonprofit microfinance organization providing small loans, credit-building, and support services to entrepreneurs, primarily women, in underserved U.S. communities. Directly comparable to REDEC/RRC as a community-based microenterprise lender offering small-dollar loans with embedded financial coaching to borrowers who lack access to mainstream credit.
• Community Reinvestment Fund, USA (CRF): CRF is a national nonprofit CDFI providing small business loans, SBA Microloan program administration, and capital to underserved small businesses and CDFI partners. Directly comparable to REDEC/RRC as a nonprofit CDFI focused on SBA Microloans and small business financing in low-income and rural communities.
• Justine Petersen Housing & Reinvestment Corporation: Justine Petersen is a St. Louis-based nonprofit CDFI providing small business microloans, SBA Microloans, and small business development services. Comparable to REDEC/RRC as a community-embedded nonprofit CDFI offering SBA microloans and free business advisory to underserved entrepreneurs in a defined region.

Others

• Empire State Development (ESD) Small Business Programs: Empire State Development is New York State's economic development agency that administers small business loan and grant programs, including the funding that flows through STREDC to REDEC/RRC. Comparable as an ecosystem participant and capital source — REDEC/RRC operates as a delivery channel for ESD-backed funding rather than a direct competitor.
• Opportunity Resource Fund (dba Opportunity Finance Network): Opportunity Finance Network is the national membership and advocacy organization for CDFIs, providing capital, training, and policy support to community development lenders. Comparable to REDEC/RRC as the broader CDFI ecosystem of which REDEC/RRC is a member — not a direct competitor but a key ecosystem participant and potential capital/funding conduit.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Redec-1864886900503759
• LinkedInlinkedin.com/company/redec-rrc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 REDEC/RRC