Small Business Lending Insider

November 2018
From the Director's Desk
Dear friends,

The holidays are upon us and our work calendars are a bit full requiring us to  try to juggle year-end reports, meetings, and family gatherings. Before you 
turn on your out of office auto-responder, John and I would love to grab a few minutes of your time for a chat on our lending programs offered here at SEDA-COG. I promise, it will fit neatly between your ugly sweater team lunch and the office white elephant party. If you're interested, feel free to contact us at your convenience.
Happy Holidays,
Roxanne G.

Latest Rates


SBA 504 10-yr 3.47% 5.59% 5.65% November 2018
SBA 504 20-yr 3.87% 5.59% 5.64% November 2018
SBA 504 25-yr 4.00% 5.64% 5.69% November 2018
SEDA-COG PIDA 4.00% N/A N/A Through Dec. 2018
SEDA-COG RLF 4.50% N/A N/A Through Dec. 2018
Loan Program Highlight - TEAM
The SEDA-COG Telecommunications, Equity, and Marcellus Shale (TEAM) is a revolving loan fund available to for-profit corporations, limited liability companies, partnerships, sole proprietorships or other legal business entities located within the Commonwealth of Pennsylvania and having 500 or fewer full-time employees worldwide at the time of submission of the application.  The TEAM loan program will focus on manufacturing, service, or retail businesses engaged in promoting broadband technology and communications and businesses involved in Marcellus Shale activities.  The program can also be used to offset part of a borrower's equity requirement in a project involving another SEDA-COG loan.

Loans can be made up to $250,000 or 50% of the eligible project costs, whichever is less.  For loans made toward a borrower's equity injection, the loan amount will be up to 50% of the borrower's minimum required equity injection as defined by the accompanying SEDA-COG loan provided in the project or $250,000, whichever is less.  The minimum loan amount is $25,000.

Loans are available to businesses within SEDA-COG's core 11-County region or Statewide if paired with an SBA 504 loan through SEDA-COG.

Click here for more information...
CRA Credits
Does your bank need more  Community Reinvestment Act (CRA) credits?

Then look no further than participating in SBA 504 deals. Banks that involve an SBA 504 loan into a financing structure are eligible to earn CRA credits.

In addition to lowering your risk in the deal and qualifying for CRA credits, your small business client will also benefit from a long-term, fixed rate loan and lower money down. Have an owner-occupied commercial real estate deal in PA? Contact SEDA-COG to see how we can help.

For more information about how to qualify for CRA credits using a 504 loan, check out this  article  published by the OCC in March 2012.

About Us

SEDA-COG's Business Finance Department serves the entire state of Pennsylvania and  rural counties in Maryland  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.

For more information, visit or

Contact our Business Finance staff today!
Senior Relationship Manager II
P: 570-524-4491
C: 570-850-0195
View our profile on LinkedIn
Program Director
P: 570-524-4491
C: 570-394-7526
View our profile on LinkedIn

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