Valparaiso-based Regional Development Co. hired a new business development officer for the Chicago market.
The non-profit, which administers the U.S. Small Business Administration’s 504 Loan Program for small business growth, brought on Tony Denovellis, who has 20 years of banking and commercial lending experience.
Denovellis has 20 years of banking and commercial lending experience.
“Tony brings an immense amount of experience to the RDC, along with a long list of contacts he has gained over the past two decades in banking,” RDC President and Executive Director Erica Dombey said. “We are excited to have him on board to assist with the growth and prosperity of the Illinois market, particularly the Chicago Southland.”
He'll help small businesses secure 25-year loans with just 10 percent down.
“Being involved with the commercial banking sector for the last 20 years, it has always been important that we, as bankers, team up with certified development companies such as the RDC,” Denovellis said.