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Seedcopa’s Loan Volume in 2021

What does the breakdown of a record number of loans look like for the #1 SBA 504 Lender in Eastern Pennsylvania? For Seedcopa, it means partnering with more lenders than ever before – on projects totaling more than $115 million.

  • Seedcopa supported 46 small business borrowers, totaling $43,501,000 to purchase, expand and grow commercial properties in fiscal year 2021
  • Total projects of more than $115 million
  • 19 banks partnered with Seedcopa to make the loans possible
  • 35% of businesses assisted were minority owned, women owned or veteran owned
  • 15 counties (almost doubled from 2020): Allegheny, Berks, Bucks, Camden, Chester, Clearfield, Cumberland, Dauphin, Delaware, Lancaster, Lehigh, Montgomery, New Castle, Northumberland and Philadelphia.
  • The 25-year fixed interest rate remains around 3%

More than one-third of SBA 504 loans (38%) were for commercial real estate purchases with no construction or improvements. 15% were for real estate purchases with minor improvements. 15% were for refinances, taking advantage of the incredibly favorable debt refinancing rules now in effect.

A complete listing of Seedcopa’s suite of loan programs and success stories can be found at https://seedcopa.com/

 

 

 

Seedcopa + SeedcoDE

For almost forty years, Seedcopa + SeedcoDE has helped businesses get the money they need to start, grow and expand. We are proud that the loan programs we work with promote economic development.

Together with economic development partners throughout Pennsylvania and Delaware, we help to grow local businesses, create and retain jobs and stimulate local communities.

Our team has over 75 years of combined government lending experience and a dedication to excellent customer service. After our initial assessment of your project, our commitment is to get you approved and closed.

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