Small Business Lending Insider

September 2018
From the Director's Desk
We have been very busy here in the finance department at SEDA-COG. We are currently scheduling bank presentations for our lending partners to update them on changes since their last SBA 504 project including the addition of the 25- year debenture, the availability of PIDA and revolving loan funds and more. Don't miss your opportunity, call us to be put on the schedule today!
Two exciting opportunities exist this coming month for me to network with other economic development professionals and businesses across Pennsylvania. The first is at the 2018 PEDA Fall Conference, Erie Bayfront Convention Center, 1 Sassafras Pier, Erie, PA; October 1 - October 3, 2018. I will be attending the pre-conference training on The Craft of Deal Structures.

Later in the month I will be setting up an informational table to share SEDA-COG finance options with businesses that are attending the PA Industry Day being held at the Radisson Hotel in Camp Hill on October 17, 2018 and organized by our own Procurement Technical Assistance Department at SEDA-COG. This event is for PA service and manufacturing companies (not for construction) and is designed to help companies understand how to do business with both Letterkenny and the Tobyhanna Army Depots. Links to both events are below:
Looking forward to seeing some of you in October. Please stop by and say hello.
Best Regards,
R oxanne G.
Community Reinvestment Act (CRA) 
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 the SBA 504 loan and how to qualify for CRA credits using a 504 loan, check out this article published by the OCC in March 2012.

New Grant Program
for Dairy Industry
The PA Department of Community and Economic Development (DCED) has announced a new grant program that targets dairy industry projects related to research and development, organic transition, value-added processing, and marketing and will be administered jointly by DCED's Grants Office and the PA Department of Agriculture (PDA), under the direction of the Commonwealth Financing Authority (CFA).

Click here for more information on the eligibility requirements of the grant and how to apply.
Recent Loan Activity
The following loans were recently approved by SEDA-COG:
  • Two $250,000 internal revolving loan funds to a Centre County Manufacturer.
  • A $400,000 PIDA loan to a Union County farmer.
The following loans were recently closed:
  • A $400,000 PIDA loan to a Snyder County farmer.
  • A $400,000 PIDA loan to a Northumberland County farmer.
  • A $400,000 PIDA loan to a Perry County farmer.
Latest Rates


SBA 504 10-yr 3.14% 5.25% 5.36% September 2018
SBA 504 20-yr 3.53% 5.25% 5.30% September 2018
SBA 504 25-yr 3.65% 5.29% 5.34% September 2018
SEDA-COG PIDA 3.75% N/A N/A Through Sept. 2018
SEDA-COG RLF 4.00% N/A N/A Through Sept. 2018
Upcoming Events
The SEDA-COG Business Finance Department will be exhibiting at the following upcoming events:

bizX Trade Show - On Wednesday, September 26th from 1:00 pm to 7:00 pm the Blair County Chamber of Commerce and Chamber of Business & Industry of Centre County will host the region's biggest Business-2-Business trade show at the Blair County Convention Center, 1 Convention Center Dr, Altoona, PA.  Look for us at Booth 41.

Greater Harrisburg Association of REALTORS (GHAR) Annual Trade Fair - As part of GHAR's Annual Meeting, approximately 60 member businesses will be on display at the Radisson Hotel, Harrisburg, PA.  If you are attending, stop by B0oth 47 and say hello.
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

Like us on Facebook  Follow us on Twitter