The South Eastern Economic Development (SEED) Corporation has been awarded a $20,000 grant through Santander's Philanthropy and Charitable Giving Program. The funds will allow SEED to continue providing financial and technical assistance resources to traditionally underserved business communities, specifically BIPOC, women, and veteran owned businesses.
With help from the Santander Charitable Giving Program, SEED has added new resources to process loan applications, created a more inclusive web presence by incorporating translation capabilities into www.seedcorp.com, and is strengthening it’s many partnerships with organizations that focus their efforts on underserved markets, minority owned small businesses, and start-up ventures. SEED’s mission has always included equitable access to affordable business capital, the pandemic has reinforced the gaps that must continue to be addressed.
“We are most grateful to our partners at Santander for recognizing the efforts put forth by the entire SEED team. We appreciate their generosity and look forward to building on our partnership” stated SEED’s Executive Director Susan Murray.
SEED is a non-profit corporation established and certified by SBA in 1982 to assist small businesses in Southeastern MA including the Cape and Islands, Middlesex and Suffolk county, and the entire state of Rhode Island. Under various loan programs including the SBA Micro Loan and 504 Programs, SEED makes loans from $5,000 to $5 million to assist small businesses grow and create jobs. Over the past 38 years, SEED has made 2,231 loans totaling $400 million, leveraging $825 million in private funds, and assisting in the creation of 13,450 new jobs.
SEED also provides technical assistance to small businesses and works with other economic development organizations, various resource partners through SBA, and financing institutions in the region to ensure that individuals who are committed to owning and operating a small business can obtain the assistance they need to be successful.
For more information about SEED’s loan programs, and free entrepreneurial workshops, please call 508-822-1020 or visit SEED at www.seedcorp.com.