SEED Corporation

South Eastern Economic Development (SEED) Corporation is a regional nonprofit economic development corporation with the mission of empowering entrepreneurs, strengthening local economies, and creating jobs by financing all types of small businesses in Massachusetts and Rhode Island. With loan programs ranging from $1,000 micro loans to $5.5 million SBA 504 loans and a long history of assisting small business owners, SEED is a one-stop shop for anyone looking to start-up, grow, or streamline their business.

About

Under the Micro Loan Program and Small Loan Program, SEED provides loans up to $50,000 and $250,000, respectively. Loans can be made to both start-up and existing businesses, and can be used for working capital, leasehold improvements, machinery and equipment, furniture and fixtures, and refinancing business credit card debt. Rates generally range from 5-6% over a six-year term, with no prepayment penalties for borrowers looking to pay off early.

Decisions on micro and small loans will be made based on several factors including need for the loan, the business’s ability to create or retain jobs, character and management ability of the principals, credit history, global cash flow, and collateral.

SEED also offers complimentary business assistance to all micro loan borrowers as well as prospective clients in the form of monthly workshops, a variety of business planning resources, and post-loan financial consultations.

Under the SBA 504 Program, SEED can provide long term, low fixed interest rates; 90 percent financing for small businesses undertaking real estate or machinery and equipment acquisition; projects ranging from $300,000 to $13.75 million or more. Most small businesses are eligible.  For projects smaller than $300,000, SEED can utilize its small loan programs.

The SBA 504 Program provides a maximum of 40 percent financing of an eligible project. A lending institution selected by the applicant finances 50 percent of the project and takes first position on the equity. The applicant provides the remaining ten percent. The lending institution’s portion is financed at conventional rates and terms.

Services Provided

Accelerators and Incubators

  • Accelerator
  • Incubator

Business Planning

  • Business Plan Consulting
  • Feasibility Studies
  • Forming a Business

Buying or Selling a Business

  • Buying or Selling a Franchise
  • Purchasing or Selling an Existing Business

Economic and Site Development

  • Economic Development
  • Environmental Compliance
  • Lease Review

Events and Community Building

  • Pitch Events
  • Neighborhood Fairs and Festivals
  • Hackathon / Startup Week or Weekends
  • Startup Drinks

Financial Resources and Assistance

  • Microloans
  • Real Estate Finance
  • Revenue Based Financing (i.e. factoring)
  • Budget, Financial Statement and Cash Flow Training
  • Loans
  • Government Funding
  • Insurance Requirements

Human Resources, Workforce and Talent

  • Leadership/Professional Development

Internship Programs and Student Services

  • Internship Program

Libraries and Research

  • Business Research Resources
  • Demographic/Census Data

Management Issues

  • Leadership/Professional Development

Marketing and Sales

  • Market Plan Development and Training
  • Advertising/Brochure Design
  • Website Development

Mentoring

  • Formal Mentoring Programs

Starting a Business

  • Feasibility Studies
  • Forming a Business
  • Startup Classes
  • Startup Business Counseling
  • Business Research Resources

Technical Assistance

  • Website Development
  • Coding Schools, Bootcamps, Classes
  • Bookkeeping/Accounting Software Training

Training

  • Bookkeeping/Accounting Software Training
  • Budget, Cash Flow and Financial Statements Training
  • Business Management Training
  • E-Commerce/Internet Marketing
  • Home-Based Business Training
  • Human Resources Training
  • Marketing Plan Training
  • Startup Classes
  • Business Plan Training and Assistance
Primary Contact
Jessica Mello
Address
80 Dean Street
Taunton, MA 02726
Phone
(508) 822-1020 Ext: 318