Small Business Loan Application - Seed

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SEED CORPORATION
SMALL BUSINESS LOAN APPLICATION
GENERAL INFORMATION
The South Eastern Economic Development (SEED) Corporation is a non-profit, SBA certified corporation set up
in 1982 to improve the economy of the region by assisting small businesses to start up, expand and create new jobs.
SEED covers Massachusetts and Rhode Island.
SEED makes direct loans up to $200,000. These loans can be used for working capital, equipment, leasehold
improvements and real estate for the use of the small business. Most small businesses are eligible. Please call for
information on terms and interest rates.
SEED expects that jobs will be created or retained as a result of its loan. The purpose of SEED financing is to assist
small businesses that cannot obtain the total financing they need from a bank or other private source. Whenever
possible, SEED would like to see bank or other private participation in the financing.
BUSINESS ASSISTANCE PROGRAM
SEED administers a Business Assistance Program which includes basic business training workshops and one-on-
one guidance and advice to entrepreneurs.
If you are starting up a small business, you can obtain assistance with the preparation of your Business Plan from
the Small Business Development Center (SBDC), the Center for Women & Enterprise (CWE) or your local
SCORE Chapter. Please check with your area Chamber of Commerce. SEED also has a Business Plan Booklet
available on its website.
SEED Corporation runs two free workshops monthly throughout the region on “Fundamentals of Business
Ownership” and “Understanding and Preparing Financial Statements.” Please ask SEED for a schedule.
SEED has a Business Center at its office at 80 Dean Street, Taunton which is designed to provide all the resources
needed to research the start-up, growth or expansion of a business. The Business Center has over 300 publications,
videos, computer software, and internet access. A listing of all resources and helpful internet sites is available.
APPLICATION PROCESS
If you are interested in a loan of $200,000 or less, please fill out the application form and return to SEED. Make
sure that “Other Application Items Required” are included with your application package.
Loan applications submitted to SEED are reviewed on a biweekly basis. It is important that you submit all the
requested information in order for SEED to expedite a decision on your loan request. Loan decisions are made on
the basis of the following: the small business’ ability to create jobs and/or provide a community service; the
character and management ability of the principals; the cash flow available to repay the loan; and collateral.
Please feel free to call SEED at (508) 822-1020 with any questions. SEED is an equal opportunity lender. Please
submit a $50.00 non-refundable technical assistance fee with your application.
FOR MORE INFORMATION ABOUT SEED AND ITS PROGRAMS, PLEASE VISIT OUR WEBSITE:

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