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Matt Heady Joins EDC as Assistant Vice President - Credit Analyst

Matt Heady Joins EDC as Assistant Vice President - Credit Analyst

The EDC of St. Charles County is pleased to welcome Matt Heady to the role of Assistant Vice President – Credit Analyst. 

Heady's background includes six years of healthcare financial management experience and three years as an insurance auditor. Most recently, he was a Reimbursement Manager with BJC Healthcare.

"Matt's background in healthcare finance has given him a customer-centered approach that our clients will appreciate," said Steve Grelle, senior vice president of commercial lending at the EDC. "He'll be an integral part of our team moving forward." 

In his new role, Heady will assist small business owners to secure fixed-asset financing through the EDC's SBA 504 loan program. His responsibilities will center around servicing and closing SBA 504 loans, including credit risk analysis, loan underwriting, and loan processing. 

"The SBA 504 program is one of the best small business loan programs out there," Heady remarked. "I'm excited to hit the ground running and help businesses access this great resource."

In this position, Heady will be part of one of the most successful SBA lending programs in the greater St. Louis region. In 2021, the EDC disbursed more than $47 million in SBA 504 loans and was named the largest SBA lender in the St. Louis region for the second consecutive year by the St. Louis Business Journal. 

“We are strengthening and expanding our award-winning business lending team this year and are looking forward to Matt’s valuable contributions as we serve small businesses in St. Charles County, metro St. Louis, across Missouri, and in Metro East Illinois,” said EDC president & CEO Scott J. Drachnik.

The 2021 ranking is the third time in the past five years the EDC has been named the top SBA lender in the region (2021, 2020, and 2017). It snagged the number two spot in 2019 and the number four spot in 2018.

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