What is Metro Area Development?
Metro Area Development (MADCO) is a non-profit Certified Development Company dedicated to fostering small business expansion and stability within the Oklahoma City metro area. Specializing in SBA 504 loans, MADCO provides long-term, fixed-rate financing crucial for acquiring major fixed assets like real estate and equipment. The organization primarily supports manufacturers and other businesses requiring dependable financial solutions. By partnering with the U.S. Small Business Administration, MADCO offers advantageous loan terms, including low down payments and competitive interest rates, thereby empowering local enterprises and driving economic development.
How much funding has Metro Area Development raised?
Metro Area Development has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Metro Area Development?
The substantial total funding and recent strategic investment indicate that Metro Area Development is in a mature phase, likely focused on optimizing its lending operations and expanding its reach within the Oklahoma City region. Future growth may involve enhancing its partnership network, refining its loan product offerings, or increasing its capacity to serve a larger volume of small businesses seeking critical capital for expansion and asset acquisition. The company's mission-driven approach suggests a continued commitment to local economic vitality.
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