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News Notices & Publications: PA manufacturing facility projects higher profits thanks to SBA 504 loan and SEDA-COG partnership


PA manufacturing facility projects higher profits thanks to SBA 504 loan and SEDA-COG partnership

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Regional Spotlight


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A thermal bluestone manufacturing facility in Montrose is projecting increased production, revenue, and profits this year because of its financing partnership with SEDA-Council of Governments (SEDA-COG).


SEDA-COG assisted Natstone, LLC with a $1,303,925 Small Business Administration (SBA) 504 loan for the purchase of machinery and equipment to be used in quarrying and processing Pennsylvania bluestone in their manufacturing facility. Ridgestone Bank provided additional financing of $1,862,750 to realize the 504 project. Ridgestone Bank also provided another $5 million loan as well as a $500,000 line of credit for working capital. The financing partnership also included Fountainhead Commercial Capital, which provided the interim financing for the 504 loan.


Natstone, LLC owner August DeLuca III said SEDA-COG “was a great partner helping us navigate the SBA process for the first time.”


“SEDA-COG was instrumental in providing the required financing to allow us to purchase the business. They helped navigate the SBA 504 process resulting in approval the first time through,” DeLuca said.


SEDA-COG administers SBA 504 loans and helps qualifying businesses get the loans they need to start or expand, and partners with local banks to complete the financing needed. Key benefits of SBA 504 loans are fixed rates, long terms, and low down payments.


DeLuca started Natstone, LLC to buy two companies’ assets: Rock Ridge Stone and Buck Ridge Stone. In tandem with the asset purchase, Natstone, LLC operates under the Rock Ridge Stone name. 


Rock Ridge Stone, Inc. had been the manufacturer of thermal blue stone products, and Buck Ridge Stone, Inc. was the distributor of bluestone products. These companies were previously affiliated via common ownership. With the asset purchase, Natstone, LLC consolidated the operation and continues to manufacture and distribute natural bluestone products, including pavers, treads, and natural cleft stone. These products are used in outdoor building applications such as patios, walkways, staircases, and pool decks.


Bluestone is a relatively young product. It is a natural stone product in the sandstone family that comes in a variety of shades and colors, such as blue, green, and grey. Bluestone is available in several shapes and is typically quarried in upstate New York and Pennsylvania.


Essentially, the Natstone operation takes this bluestone and creates thermal bluestone, which is flame-treated to create a pebbled uniform surface. This creates a non-slip surface, making it safe for high-traffic areas. Generally, thermal bluestone is considered a premium product due to its color as well as its durability, since the surface is resistant to cracking and discoloration. 


Natstone retained all employees and has hired additional staff since the acquisition.


To learn more about the blue stone products Natsone, LLC offers, visit


For more information about SEDA-COG and the SBA 504 loan program, visit

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SBA 504 business finance loan Natstone


Created at 4/21/2016 11:43 AM by Liz Regan
Last modified at 4/21/2016 11:43 AM by Liz Regan