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Under the Economic Aid Act dated December 27, 2020, the U.S. Small Business Administration, has been authorized to provide additional assistance in the form of debt relief payments to eligible 7(a), 504, and Microloan borrowers. Business owners with eligible SBA loans approved on or before September 27, 2020 have been sent letters outlining their eligibility for additional assistance. 

Under the Economic Aid Act, borrowers with loans approved between September 28, 2020 and January 31, 2021 are not eligible for debt relief payments. New loans approved from February 1, 2021 to September 30, 2021 are eligible for debt relief based on new eligibility rules and subject to SBA funding.

For additional information on debt relief payments and the implementation of these debt relief payments, please visit www.sba.gov. A PDF of SBA's procedural notice regarding 7(a) and 504 loans can be found here and a second notice pertaining to SBA Microloans can be found here.

SEED Receives $3 Million in American Rescue Plan Funds to Serve Small Businesses in Eastern Massachusetts 

[May 13, 2022]  U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding SEED a $3 million grant to capitalize and administer a revolving loan fund. This grant is funded by the American Rescue Plan. This grant will be used to provide gap financing to small, local businesses in Barnstable, Bristol, Dukes, Essex, Nantucket, Norfolk, Plymouth and Suffolk counties as they recover, grow, and create new employment opportunities. This EDA grant will be matched with $750,000 in local funds and is expected to create 100 jobs, retain 150 jobs, and generate $7.5 million in private investment, according to grantee estimates.

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$75 million in New Grants Available for MA Small Businesses

[February 24, 2022]  Governor Baker announced yesterday that the Commonwealth of Massachusetts has made $75,000,000 available to support small businesses negatively impacted by the COVID-19 pandemic. These funds will be administered through two different grant programs, the New Applicant Grant Program and the Inclusive Grant Program, are being provided through the Massachusetts Growth Capital Corporation. 

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SEED Names Baldies Pizzeria of Lakeville 2021 Small Business of the Year

[December 23, 2021]  SEED Corporation has selected Baldies Pizzeria of Lakeville, MA as the 2021 recipient of the Small Business of the Year Award. This family-owned and operated restaurant was established in 1998 by owner Mike Mastrangelo and specializes in gourmet brick-oven pizzas, as well as subs, tacos, soups, salads, and a wide variety of other main dishes. They also offer an extensive menu of craft beers (40 to try!), wines, and hard seltzers. 

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SEED Names Chris Cooney of Metro South Chamber of Commerce the 2021 Regional Business Advocate of the Year

[December 21, 2021]  SEED Corporation has selected Chris Cooney of the Metro South Chamber of Commerce as the 2021 recipient of the "Gus Yankopoulos" Regional Business Advocate of the Year Award for his volunteer service to SEED over the last 21 years. Established in 1999 in memory of Gus Yankopoulos, the award is presented annually on a merit basis to an individual who has performed exceptional work on behalf of the region’s economy. For the last 22 years, SEED has presented the winner with a Lucky print by the late local artist Arthur Moniz.

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SEED Names Eve Elliott of Rockland Trust 2021 Banker of the Year

[December 15, 2021]  SEED Corporation has selected Eve Elliott, Vice President of the Business Banking Group at Rockland Trust, as the 2021 Banker of the Year. This award is presented annually to the lender who partners on the largest number of loan projects with SEED and exemplifies the spirit of small business services.

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South Eastern Ecomonic Development Corporation home page

80 Dean Street,
Taunton, MA 02780

1-508-822-1020

Business Hours:
Mon-Thu 8am-5pm
Friday 8am-4pm

SBA Lender Certified CDFI US Department of Treasury
SEED Corporation is a certified lender in Massachusetts and Rhode Island.

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SEED Corporation is an equal opportunity lender and business assistance partner.