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2019 Board of Directors Election
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 2019-2020 NADCO Board of Directors Election

Summary of Process


Welcome to the NADCO Board of Directors Election webpage. In the narrative and linked documents below you will find an explanation of the process and a timeline for this year.

The eligibility requirements for directors remain the same. To be eligible the individual must be a full-time employee of a CDC that is an active member and in good standing. There can only be one Board representative from any one CDC.

An election subcommittee has been formed to ensure an unbiased election process.

All nominations will be accepted via the electronic election email box.

All candidates will be responsible for their own campaigning. NADCO will post the names, bios and headshots of each eligible candidate on the 2019 Election Page of the NADCO website. In addition, NADCO will host virtual town hall meetings, via webinar providing the candidates an opportunity to speak and be asked questions from the membership. One town hall will be held for all of the at-large candidates and additional town halls will be held for each region with a contested election.

Each active-member CDC in good standing will have one vote. The vote should belong to the President, Executive Director or equivalent leadership role. Votes will only be accepted via the electronic survey method. NADCO will send reminder emails during the time frame that voting is open.

The election results will be announced within 48 business hours after the voting closes. Newly elected NADCO Board Directors will begin their terms at the Board of Directors Meeting held on the last day of the Annual Meeting at which time officers will be elected.

Please review the complete set of 2019 Elections Procedures here.

If you have any questions, reach out to the subcommittee chair Lynne Keller Forbes or Denise Ripley on the NADCO staff. 


Important Dates for the 2019 Board Election

July 22 Call for Nominations is distributed to the membership
August 16 NADCO Cut-off Date for Nominations
August 21 Announcement of Candidates

September 9

Voting Open
October 4 Elections close 5:00pm PT // 8:00pm ET
October 8 Announcement to the membership of the newly elected NADCO Board
October 18 NADCO Board Meeting with newly elected directors & officer elections


Listing of 2019 Candidates

Regional Directorships


Region 1
Region 3
        Region 5

Erik Adams

Vice President
Bay Colony Development


Click to view full Candidate Profile.



Wayne Williams
Senior Vice President
Business Finance Group Inc.

Click to view full Candidate Profile.


Sara Vanhala



Small Business Growth Corporation

Click to view full Candidate Profile.




     Region 7

Zola Finch
Executive Director


Click to view full Candidate Profile.




     Region 9

Matt Davis
Southland EDC

Click to view full Candidate Profile.

At-Large Candidates


Loan Program


Caprock Business Finance Corporation 


Click to view full Candidate Profile.






Mountain West Small Business Finance

Click to view full Candidate Profile.



Elaine Fairman



Business Expansion Funding Corporation

Click to view full Candidate Profile.





President and CEO

Evergreen Business Capital


Click to view full Candidate Profile.

Randy Kyle

Executive Vice President

and COO

WBD Inc.

Click to view full Candidate Profile.


Laurel Walk



Colorado Lending Source


Click to view full Candidate Profile.



Important Documents


NADCO Election Procedures

2019 Election Timeline


Listing of Contact on Record for CDCs (excel file)



2019 NADCO Election Subcommittee

Committee Chair
NADCO Region 8 Director

Lynne Keller Forbes, Dakota Business Finance 

500 N. Western Ave., Suite 100

Sioux Falls, SD 57104


Committee Member

Region 6 Member
Kelly Davila, Caprock Business Finance Corporation

1323 58th Street

Lubbock, TX 79412


Committee Member

NADCO Region 6 Director
Thomas Braasch, Capital CDC

1250 S. Capital of Texas Hwy

Bldg. One, Suite 600

Austin, TX 78746


Committee Member

Region 10 Member
Cindy Kent, Cascade Capital Funding

698 12th Street SE, Suite 210

Salem, OR 97301


Committee Member

Region 2 Member
William Pazmino, Regional Business Assistance Corporation

3111 Quakerbridge Road - 2 Floor 

Mercerville, NJ 08619


Committee Member
Immediate Past Chair

Mary Mansfield, Bay Colony Development Corp. 

230 Third Avenue, First Floor

Waltham, MA 02451

781-891-3594 ext. 105

Committee Member

Region 4 Member
Barbara Wasson, Capital Partners CDC

6445 Powers Ferry Road, Suite 210

Atlanta, GA 30339



Denise Ripley

1725 DeSales St. NW

Suite 504

Washington, DC 20036

(202) 349-0070 (ext. 17)

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ADDRESS: 1725 DeSales Street NW, Suite 613 | Washington, DC 20036

PHONE: (202) 349-0070
Rhonda Pointon (President & CEO) - Ext. 16
Wayne Williams (Regulatory & Training) - Ext. 15
Mandy Robertson (Events, Website, Membership) - Ext. 18
Denise Ripley (Funding, Regulatory, Training) - Ext. 17
Julia Peacock (Marketing, Communications) - Ext. 19

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