SEDA-Council of Governments      Your Resource for Business Solutions

Small Business First (SBF)

		All information is subject to change per the PA DCED
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
		For-profit small businesses involved in manufacturing, recycling, computer-related services, or daycare operations (non-profit daycares are eligible).  A small business is defined as having 100 or fewer full-time employees.
		Land acquisition, site improvements, acquisition of existing building, building renovation, leasehold improvements, new construction, machinery & equipment, working capital, and certain soft costs.  Real estate costs may be limited to $800,000.  Cannot be matched with other State financing sources.
		$200,000 or 50% of the eligible project costs, whichever is less.  Loans for working capital cannot exceed $100,000.
		3% fixed for the life of the loan.
		Three (3) years for working capital; 10 years for machinery and equipment; 15 years for real estate.  Blended term will apply for mixed use of funds.
		For existing businesses (more than two years of operations), borrower must provide a minimum of 10% of the project cost.  For start-ups or changes in ownership, borrower may be required to provide 15% of the project cost.  Other factors of the loan may reduce the need for equity into the project.
		One full-time job to be created or in some cases retained for every $25,000 of Small Business First funds in the project within three years of disbursement.
		SEDA-COG charges a 1% commitment fee, a 1% closing fee, and a minimum $500 legal fee.

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:

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.