Small Business Lending Insider

August 2019
Latest Rates


SBA 504 10-yr 2.24% 3.94% 3.98% July 2019
SBA 504 20-yr 2.15% 3.53% 3.57% August 2019
SBA 504 25-yr 2.31% 3.63% 3.66% August 2019
SEDA-COG PIDA 3.00% N/A N/A Through Sept. 2019
SEDA-COG RLF 4.25% N/A N/A Through Sept. 2019
SBA 504 Rates Continue to Fall

The interest rate for the 20 and 25-year SBA 504 loans hit another historic low for the month of August.  The effective fixed rate for a 20-year loan fell to 3.53%, while the fixed rate for a 25-year loan fell below 4% to 3.63%.  With the Fed lowering Prime to 5.25% and uncertain economic conditions moving investors to the bond market, Treasury rates continue to remain low.  Not to be overlooked, the interest rate for refinancing is also experiencing record lows, with a 20-year rate of 3.57% and a 25-year rate of 3.66%. 

SBA 504 loans can be used for owner-occupied commercial real estate projects - land and building purchase, renovations, and new construction.  The 10-year 504 loan can be used to acquire production equipment.  Small businesses may also potentially use a 504 loan to refinance their commercial and/or equipment debt.

For more information on SBA 504 financing through SEDA-COG, visit

Success Story
Wynn Tec, Inc.

Through a joint effort with Tim Keohane at the Lock Haven Small Business Development Center, the SEDA-COG Business Finance Program on behalf of the County of Clinton was able to assist Brian D. Wynn of Wynn Tec, Inc. with two $350,000 Clinton County Revolving Loan Fund loans for the refinance of real estate and equipment for his business.
Wynn Tec, Inc. was started by Brian Wynn in 2006 as a sole proprietorship: Brian Wynn DBA Wynn Tec Consulting and was incorporated as Wynn Tec, Inc. in 2015.  The operation, located in Loganton, PA, specializes in rebuilding, modifying, and repairing heavy equipment and services equipment manufactured by Roadtec and Iron Power House Equipment.  Besides construction vehicles, Wynn Tec also performs work on recycling equipment.  Such equipment includes compactors, balers, shredders, and sheers. 
This project allowed Mr. Wynn to bring back four employees that he had to lay-off prior to the refinancing with Jersey Shore State Bank, who partnered in the financing with the County of Clinton.
With a deep desire to continue business in Clinton County, the loans from the County of Clinton in conjunction with the funds from Jersey Shore State Bank's Bellefonte branch, Brian Wynn is currently achieving his dreams.

In working with SEDA-COG, Glenn Fisher, Commercial Loan Officer III at Jersey Shore State Bank said "The process was very professional and timely for the Borrower and Bank.  The funds provided by SEDA-COG (Clinton County EDA RLF loans) made a good project better with the terms and conditions you provided."

For more information on loan programs available from SEDA-COG including the Clinton County Revolving Loan Fund, visit  For more information about Jersey Shore State Bank, visit their website at

About Us

SEDA-COG's Business Finance Department serves the entire state of Pennsylvania and  rural counties in Maryland and West Virginia  for the   SBA 504 Program .
For PIDA and SEDA-COG loans, we cover  an 11-county area in central Pennsylvania including Centre, Clinton, Columbia, Juniata, Lycoming, Mifflin, Montour, Northumberland, Perry, Snyder, and Union counties.

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Senior Relationship Manager II
P: 570-524-4491
C: 570-850-0195
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