SEDA-Council of Governments      Your Resource for Business Solutions

SBA Microloan

SEDA-Council of Governments 201 Furnace Road Lewisburg, PA  17837 570-524-4491 570-524-9190 Fax 1-800-326-4086 finance@seda-cog.org http://finance.seda-cog.org Serving the following counties in PA: Centre Clinton Columbia Juniata Lycoming Mifflin Montour Northumberland Perry Snyder Union and Serving the entire State of Pennsylvania for the SBA 504 Program and USDA B&I Guaranty
		Any for-profit business or non-profit daycare establishments.
		Machinery and equipment, working capital, or leasehold improvements.  Loan proceeds can not be used for client owned real estate purchase or improvements.
		Loans can range from $2,500 up to $35,000.
		The interest rate will be fixed at 8% for the life of the loan.
		Up to three (3) years for working capital; up to six (6) years for machinery & equipment or leasehold improvements.
		Equity (cash) into the project by the borrower ranges from 5% to 50%, based on the quality of the collateral.
		The SBA Microloan does not have any job creation criteria associated with the loan.
		SEDA-COG charges a 1% assessment on the loan; ½ is due at the time of application (non-refundable), and ½ is due at loan commitment (non-refundable).  A loan servicing assessment of $100 per year will be charged for SEDA-COG services, which will include training, counseling, and loan administration.

If you feel that you meet these requirements, and your business is located (or will be locating) in one of the following counties in Pennsylvania:

Centre	Lycoming	Perry
Clinton	Mifflin	Snyder
Columbia	Montour	Union
Juniata	Northumberland

and are interested in exploring how this loan program can assist you, please fill out this form, and we will get back to you as soon as we can. You can also contact us through e-mail, although we request that for serious inquiries, completion of the form is desirable.