As a regional nonprofit economic development corporation, South Eastern Economic Development (SEED) Corporation focuses on job creation by financing all types of small businesses in Massachusetts and Rhode Island. SEED makes loans ranging from a $1,000 Micro Loan to a $5.5 million SBA 504 Loan and also administers a small business technical assistance program.
The South Eastern Economic Development (SEED) Corporation is a non-profit corporation certified by the United States Small Business Administration (SBA). SEED was set up in 1982 to improve the economy of the region by helping small businesses get started, grow and create jobs.
Today, SEED serves small businesses in all of Massachusetts and Rhode Island, making an average of 120 loans, and providing technical assistance to over 1,500 existing and prospective entrepreneurs, annually.
With a 29-year history of meeting the region’s small business community’s needs, SEED continues to serve in two primary roles:
- Assisting and supporting small businesses during their start-up phase to help secure traditional financing; and
- Promoting the expansion of existing businesses by working with lending institutions and the SBA to provide the best possible financing package.
SEED’s larger financing programs are designed to work in conjunction with lending institutions located in the region.
SEED also administers a Business Assistance Program, which includes individual technical assistance, monthly entrepreneurial workshops and a Small Business Library. These services are all free.
SEED has close to 200 members and 40 directors. SEED’s members represent community and business organizations, economic development agencies, local officials, lending institutions and small businesses.
For more information, please contact SEED Corp.
SEED is an equal opportunity lender and business assistance provider.