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SEDA-COG, your local Certified Development Company (CDC) for the SBA 504 program for the last 20 years, will help you from start to finish. Our professional staff works directly with you to tailor a financing package that meets program guidelines and the credit criteria of your business. As of December 2009, SEDA-COG has closed over 200 SBA 504 loans for a total of over $113 million, and as a result, those companies have created over 3,200 jobs. Below are some of the projects that SEDA-COG has been able to impact through the SBA 504 program:
 A Day Care/Pre-School Learning Center used the SBA 504 program to assist in financing its $995,000 new building project. The financing consisted of a bank loan in the amount of $485,000 for a 15-year term; SBA 504 funds in the amount of $410,000 for a 20-year term at a fixed rate of interest; and equity in the amount of $100,000. As a result of this project, the company committed to the creation/retention of at least 13 new jobs within the next two-year period.
 A canning company accessed the SBA 504 program to assist in financing its $2,300,000 new equipment project. The financing consisted of a bank loan in the amount of $840,000 for a 10-year term; SBA 504 funds in the amount of $920,000 for a 10-year fixed rate term; economic development loan funds in the amount of $100,000 for a 5-year fixed rate term; and equity in the amount of $440,000. As a result of this project, the company committed to the creation/retention of at least 50 new jobs within the next two-year period.
 A graphics firm borrowed $640,000 from the SBA 504 program to assist in the financing of a $2,580,000 new building project. The financing consisted of a bank loan in the amount of $650,000 for a 15-year term; SBA 504 funds in the amount of $640,000 for a 20-year fixed rate term; $1,032,000 in PIDA financing through the State of Pennsylvania for a 15-year fixed rate term; and equity in the amount of $258,000. As a result of this project, the company committed to the creation/retention of at least 46 new jobs within the next two-year period.
Types of projects financed with the SBA 504 program:
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Testing Laboratory
Engineer & Design Company
Printing Company
Auto Dealership
Truck/Trailer Sales and Service
Apparel Manufacturer
Vegetable Canning
Home & Business Security Co.
Plastic Resin Manufacturer
Pre Press Graphics
Moving and Storage Company
Pre-School Learning Center |
Quarry Company
Trucking Company
Restaurants
Scientific Oven Manufacturer
Arts Academy (Private)
Motel/Hotel
Supermarket
Catering Company
Medical Practice
Tour Buses Company
Tool and Die Manufacturer
Veterinary Hospital |
Box and Display Manufacturer
Orthopedic Group
Beer Distributorship
Mail Forwarding Company
Furniture Manufacturer
Martial Art Academy
Machine Tool Equip. Whole.
Machine Shop
Sport Complex
Electronics Manufacturer
Weather Forecasting Company |
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