Lending Programs

Micro and Small Loan Program

Under the SBA Micro Loan Program and Small Loan Program, SEED provides loans up to $50,000 and $350,000, respectively. For Rhode Island-based businesses, SEED can provide small loans up to $500,000 through the State Small Business Credit Initiative (SSBCI) Fund. These loans are made to start-up and existing businesses who are not able to obtain traditional financing or who are in need of gap financing in partnership with a bank or credit union.

  • Interest rates: 6-7% 
  • Loan Term: up to 10 years
  • No prepayment penalty
  • Credit score of 600+
  • Bankruptcies must be discharged for 5+ years
  • Collateral: Residential/commercial real estate and/or business assets
  • Cash flow: Global repayment ability

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Fast Track Loans (up to $25,000)

Within the Micro Loan Program, SEED administers Fast Track Loans to borrowers looking for $25,000 or less in financing for their start-up or existing business. This program offers business owners all the benefits of a Micro or Small Loan, along with quicker approvals and closing dates.

  • Interest rate: 7%
  • Loan Term: up to 7 years
  • No prepayment penalty
  • Quicker approval and turnaround time
  • Credit score: 600+ (or 680+ if under-secured)
  • Bankruptcies must be discharged for 5+ years
  • Collateral: Residential/commercial real estate and/or business assets 
  • Cash flow: Global repayment ability

Get Started »

Fast Track, Micro, and Small Loans can be made to both start-up and existing businesses

Use of Funds:

  • Working capital  
  • Leasehold improvements/build-outs
  • Inventory/Supplies
  • Real estate acquisitions (owner-occupied)
  • Furniture, fixtures, and equipment
  • Refinancing business credit card debt

Who can apply?

  • Retail shops
  • Manufacturing facilities
  • Office professionals
  • Restaurants/food services
  • Home health care
  • Physicians
  • Contracting
  • Pet services
  • Lodging
  • Daycare
  • Personal services
  • Franchises
  • Landscaping
  • Home-based operations
  • Salons/spas
  • and many more!

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Business Assistance Program

SEED also offers complimentary business assistance to all micro loan borrowers as well as prospective clients in the form of workshops, a variety of business planning resources, and financial consultations. Any business in need of technical assistance can utilize this program as often as needed, and annual check-ins will be done by the SEED staff to ensure all SEED clients are being served.

Learn more »


Fast Track Loans

Up to $25,000 for start-up and existing businesses at 7% fixed

More Info

Micro and Small Loans

Micro Loans up to $50,000 and Small Loans up to $350,000 at 6-7% fixed with flexible terms

More Info

SBA 504 Loans

Real Estate or Machinery and Equipment Loans up to $5.5 million at low, fixed rates

More Info

July 504 Loan Rates

Real Estate 25-year Fixed: 6.41%

Real Estate 20-year Fixed: 6.43%

Equipment 10-year Fixed: 6.38%

Debt Refi 25-year Fixed: 6.43%

Debt Refi 20-year Fixed: 6.45%

South Eastern Ecomonic Development Corporation home page

80 Dean Street,
Taunton, MA 02780


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

Programs sponsored by:

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


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