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Expanding Manufacturing with Multiple 504 Loans

“This is a case where an SBA 504 loan was a great fit from the start, but we just needed the right timing for the business,” says Seedcopa SVP & Relationship Manager Marie Shires.

The timing was right in 2025, when BoardSafe Docks was approved for two SBA 504 loans, which allowed them to purchase their existing leased space and an additional location, less than 2 miles away, in Fleetwood, Berks County, PA.

“We’ve known Seedcopa for years, as we discussed options, but an almost 20% increase in sales in 2024 put us in a position where we needed additional permanent storage and manufacturing space to continue to grow,” said BoardSafe Docks Co-owner and Founder Scott Tihansky. “In partnership with Fulton Bank, the team at Seedcopa was able to get us to the finish line with an interest rate well below what we were seeing elsewhere.”

In operation since 2013, BoardSafe Docks has become recognized as an industry leader in the manufacturing of aluminum-welded floating dock systems, not only in the Mid-Atlantic region but across the nation. Thanks to their strategic relationships and solution-focused designs, BoardSafe Docks creates or improves water access along water trails, and for municipalities, state and local park systems, wildlife organizations, and rowing centers.

Panoramic photo of water and a dock system with multiple platforms from BoardSafe docks

 

Clients can choose from fiberglass grating, synthetic lumber, or aluminum as they work with BoardSafe to design customized pedestrian bridges, gangways, rowing docks, courtesy boat docks, adaptive kayak launches, and combination dock systems with accessible fishing piers. 

If you’ve ever been to the Conshohocken Rowing Center, Cooper River Park, University of Pennsylvania Rowing Center, or Temple University’s state-of-the-art Rowing Center, then you’re already familiar with BoardSafe’s impressive work.

Dock at Boathouse Row in Philadelphia

Erie Canal recently celebrated its 200th Anniversary and launched its celebration with a kayak and canoe paddle from a new BoardSafe Adaptive Kayak Launch.

People using BoardSafe's adaptive kayak launch

Additional projects are in Austin, Dallas, Houston, Philadelphia, Baltimore, Jacksonville, Chicago, Manhattan, Boston Harbor, and across the nation. BoardSafe’s floating dock systems provide universal access to all looking to get out on the water.

Man on a dock using BoardSafe's universal access features

BoardSafe is a trusted expert at solving complex site-access challenges for its customers by providing one-of-a-kind, long-lasting water solutions. Working with Seedcopa to finance the purchase of additional manufacturing space has allowed BoardSafe to grow and expand its manufacturing capabilities to meet its customers’ growing needs.

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For more than 40 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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