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SBA Loan Program

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The Schuylkill Economic Development Corporation (SEDCO) has a regional development partnership through the Northeastern Pennsylvania Alliance (NEPA) to provide an additional financing option. NEPA is a private, non-profit, regional community and economic development agency that serves the seven counties of Northeastern Pennsylvania: Carbon, Lackawanna, Luzerne, Monroe, Pike, Schuylkill and Wayne. NEPA provides low-interest loan financing for a portion of the costs of land, building, machinery and equipment to businesses unable to fully finance these projects with equity, bank financing, or other private and public sources.

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Funding Details:

Key Benefits

  • 10, 20 or 25 year fixed rate options
  • Equity injection as low as 10%
  • Subordinate financing to primary lender
  • Funding Uses and Purposes

Land Acquisition

  • Building / construction / expansion / renovation
  • Long-term machinery and equipment
  • Soft costs related to above items
  • Commercial mortgage refinancing


  • Borrowers must be for-profit businesses or farms with a tangible net worth < $15 million and 2-year average net income < $5 million

Loan Structure

  • A commercial bank will provide senior financing for 50% of project costs
  • SEDCO will provide an SBA 504 loan in a subordinate position for up to 40% of project costs
  • Borrower will provide a minimum of 10% equity injection into the project


  • $5 million maximum loan amount for most borrowers up to 40% of project costs
  • $5.5 million maximum loan amount for manufacturers and certain energy efficient projects up to 40% of project costs

Additional Info

  • Special purpose properties and new company loans reduce the maximum loan amount to no more than 30-35% of project costs
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