The owners of a convenience store in Montoursville, PA have received a loan through SEDA-COG to buy the land underneath their establishment.  Operating as SAI William Realty, the owners will receive a $50,000 loan through the SEDA-COG Intermediary Relending Program to purchase real estate associated with Your Choice Mini Mart. 

The business operations including inventory and equipment were purchased two years ago, at which time the owners leased the land.  Now, in addition to buying the property, the owners also plan to upgrade lighting, signage, and gas pumps at the Mini Mart. 

In addition to SEDA-COG, the project includes financing through Landmark Community Bank, company equity, and Banking on Business, a program of FHLBank-Pittsburgh.  Four jobs at the Mini Mart are being retained as a result of the project. 

For more information on SEDA-COG's Business Development Financing program, contact John Reichard at 570-524-4491, ext. 7251, e-mail jreichard@seda-cog.org, or visit us on the web at www.seda-cog.org/finance

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